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HomeMy WebLinkAboutAgenda Packet - Finance & Human Resources Committee - 10/10/2023FINANCE & HUMAN RESOURCES COMMITTEE OCTOBER 10, 2023 East Valley Water District was formed in 1954 and provides water and wastewater services to 103,000 residents within the cities of San Bernardino and Highland, and portions of San Bernardino County. EVWD operates under the direction of a 5­member elected Board. COMMITTEE MEMBERS David E. Smith Governing Board Member Ronald L. Coats Governing Board Member Finance & Human Resources Committee Meeting October 10, 2023 ­ 1:30 PM 31111 Greenspot Road, Highland, CA 92346 www.eastvalley.org PLEASE NOTE: Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection in the District’s office located at 31111 Greenspot Rd., Highland, during normal business hours. Also, such documents are available on the District’s website at eastvalley.org and are subject to staff’s ability to post the documents before the meeting. Pursuant to Government Code Section 54954.2(a), any request for a disability­related modification or accommodation, including auxiliary aids or services, that is sought in order to participate in the above agendized public meeting should be directed to the District Clerk at (909) 885­4900 at least 72 hours prior to said meeting. In order to comply with legal requirements for posting of agenda, only those items filed with the District Clerk by 12:00 p.m. on Wednesday prior to the following Wednesday meeting not requiring departmental investigation, will be considered by the Board of Directors. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL OF BOARD MEMBERS PUBLIC COMMENTS Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the District Clerk prior to the start of the meeting. Each speaker is limited to three (3) minutes, unless waived by the Chairman of the Board. Under the State of California Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. The matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. INFORMATIONAL ITEMS 1.Review the Draft Annual Comprehensive Financial Report for Fiscal Year 2022­23 2.Review Resolution 2023.15 ­ Updating Water Capacity Fees REPORTS 3.Finance Activities 4.Human Resource Activities ADJOURN FINANCE & HUMAN RESOURCES COMMITTEEOCTOBER 10, 2023East Valley Water District was formed in 1954 and provides water and wastewater services to103,000 residents within the cities of San Bernardino and Highland, and portions of SanBernardino County.EVWD operates under the direction of a 5­member elected Board.COMMITTEE MEMBERS David E. Smith Governing Board Member Ronald L. Coats Governing Board Member Finance & Human Resources Committee Meeting October 10, 2023 ­ 1:30 PM 31111 Greenspot Road, Highland, CA 92346 www.eastvalley.org PLEASE NOTE: Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection in the District’s office located at 31111 Greenspot Rd., Highland, during normal business hours. Also, such documents are available on the District’s website at eastvalley.org and are subject to staff’s ability to post the documents before the meeting. Pursuant to Government Code Section 54954.2(a), any request for a disability­related modification or accommodation, including auxiliary aids or services, that is sought in order to participate in the above agendized public meeting should be directed to the District Clerk at (909) 885­4900 at least 72 hours prior to said meeting. In order to comply with legal requirements for posting of agenda, only those items filed with the District Clerk by 12:00 p.m. on Wednesday prior to the following Wednesday meeting not requiring departmental investigation, will be considered by the Board of Directors. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL OF BOARD MEMBERS PUBLIC COMMENTS Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the District Clerk prior to the start of the meeting. Each speaker is limited to three (3) minutes, unless waived by the Chairman of the Board. Under the State of California Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. The matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. INFORMATIONAL ITEMS 1.Review the Draft Annual Comprehensive Financial Report for Fiscal Year 2022­23 2.Review Resolution 2023.15 ­ Updating Water Capacity Fees REPORTS 3.Finance Activities 4.Human Resource Activities ADJOURN FINANCE & HUMAN RESOURCES COMMITTEEOCTOBER 10, 2023East Valley Water District was formed in 1954 and provides water and wastewater services to103,000 residents within the cities of San Bernardino and Highland, and portions of SanBernardino County.EVWD operates under the direction of a 5­member elected Board.COMMITTEE MEMBERSDavid E. SmithGoverning Board Member Ronald L. CoatsGoverning Board MemberFinance & Human Resources Committee MeetingOctober 10, 2023 ­ 1:30 PM31111 Greenspot Road, Highland, CA 92346www.eastvalley.orgPLEASE NOTE:Materials related to an item on this agenda submitted to the Board after distribution of theagenda packet are available for public inspection in the District’s office located at 31111Greenspot Rd., Highland, during normal business hours. Also, such documents are availableon the District’s website at eastvalley.org and are subject to staff’s ability to post thedocuments before the meeting.Pursuant to Government Code Section 54954.2(a), any request for a disability­relatedmodification or accommodation, including auxiliary aids or services, that is sought in orderto participate in the above agendized public meeting should be directed to the District Clerkat (909) 885­4900 at least 72 hours prior to said meeting. In order to comply with legal requirements for posting of agenda, only those items filed with the District Clerk by 12:00 p.m. on Wednesday prior to the following Wednesday meeting not requiring departmental investigation, will be considered by the Board of Directors. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL OF BOARD MEMBERS PUBLIC COMMENTS Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the District Clerk prior to the start of the meeting. Each speaker is limited to three (3) minutes, unless waived by the Chairman of the Board. Under the State of California Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. The matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. INFORMATIONAL ITEMS 1.Review the Draft Annual Comprehensive Financial Report for Fiscal Year 2022­23 2.Review Resolution 2023.15 ­ Updating Water Capacity Fees REPORTS 3.Finance Activities 4.Human Resource Activities ADJOURN Agenda Item #1 October 10, 20231 Meeting Date: October 10, 2023 Agenda Item #1 Informational Item 1 2 7 1 Regular Meeting TO: Committee Members FROM: Chief Financial Officer SUBJECT: Review the Draft Annual Comprehensive Financial Report for Fiscal Year 2022-23 RECOMMENDATION That the Finance and Human Resources Committee recommend to the Board of Directors to approve the attached Draft Annual Comprehensive Financial Report for Fiscal Year 2022-23. BACKGROUND / ANALYSIS Each year, the District contracts with an external audit firm to conduct an annual audit of the District’s books and records for the current fiscal year in compliance with California Water Code §30540(b)(2). The audit is both an industry best practice and a requirement of the State Controller Minimum Audit Requirements for California Special Districts. On July 11, 2023, the audit partner from Rogers, Anderson, Malody & Scott (RAMS) met with the District’s Finance and Human Resources Committee to review the auditing services to be provided during the audit for fiscal year ended June 30, 2023. In addition, RAMS described the procedures that were to be used to perform their audit in accordance with generally accepted auditing standards (GAAS). Once the audit is complete, the final requirement under Statement of Auditing Standards 114 (SAS 114) is for the auditors to communicate to those charged with governance: •Their views about qualitative aspects of the entity's significant accounting practices, including accounting policies, accounting estimates, and financial statement disclosures; •Significant difficulties, if any, encountered during the audit; •Uncorrected misstatements, other than those the auditor believes are trivial, if any; •Disagreements with management, if any; and •Other findings or issues, if any, arising from the audit that are, in the auditor's professional judgement, significant and relevant to those charged with governance regarding their oversight of the financial reporting process. Agenda Item #1 October 10, 20232 Meeting Date: October 10, 2023 Agenda Item #1 Informational Item 1 2 7 1 Attached is a draft of the 2022-23 Annual Comprehensive Financial Report (Annual Report) for the Committee’s review. The Annual Report includes the District’s annual financial statements with accompanying note disclosures, management discussion and analysis, and statistical information compiled by staff. The 2022-23 Annual Report will receive an unmodified opinion from RAMS. An unmodified opinion indicates the financial data of the District is presented fairly. RAMS conducted an audit in accordance with auditing standards generally accepted in the United States of America and guidelines established by the California State Controller for Special Districts. In addition, the District will apply for the Government Finance Officers Association (GFOA), Certificate of Achievement for Excellence in Financial Reporting to ensure the District’s Annual Report once again meets high standards in governmental accounting and financial reporting. On August 25, 2023 GFOA notified staff that the June 2022 Annual Report is in the final review process. Staff is confident that the District will receive the GFOA award for the 11th consecutive year. AGENCY GOALS AND OBJECTIVES II - Maintain a Commitment To Sustainability, Transparency, and Accountability A. Practice Transparent and Accountable Fiscal Management FISCAL IMPACT There is no fiscal impact associated with this agenda item. Respectfully submitted: ________________ Brian Tompkins Chief Financial Officer ATTACHMENTS Draft Annual Report 2023 Annual Comprehensive Financial Report Fiscal Year Ended June 30, 2023 East Valley Water District Prepared by: Finance Department 31111 Greenspot Road Highland, CA 92346 Annual Comprehensive Financial Report Fiscal Year Ended June 30, 2023 Table of Contents 1 Page No. Introductory Section Letter of Transmittal....................................................................................................... 5-8 Organizational Structure .................................................................................................... 9 Principal Officials ............................................................................................................. 10 GFOA Certificate ............................................................................................................ 11 Financial Section Independent Auditors’ Report ...................................................................................... 13-15 Management’s Discussion and Analysis ......................................................................... 16-28 Basic Financial Statements Statement of Net Position ......................................................................................... 31-32 Statement of Revenues, Expenses, and Changes in Net Position ................................... 33-34 Statement of Cash Flows ........................................................................................... 35-36 Notes to the Basic Financial Statements ..................................................................... 37-66 Required Supplementary Information Schedule of District’s Proportionate Share of the Net Pension Liability ............................... 69 Schedule of District’s Contributions ................................................................................ 70 Schedule of Changes in the Net OPEB Liability ............................................................ 71-72 Schedule of OPEB Healthcare Contributions .................................................................... 73 Notes to the Required Supplementary Information .......................................................... 74 Supplementary Information History and Organization ............................................................................................... 78 Combining Schedule of Net Position ........................................................................... 79-80 Combining Schedule of Revenues, Expenses, and Changes in Net Position .................... 81-83 Combining Schedule of Cash Flows ............................................................................ 85-86 Annual Comprehensive Financial Report Fiscal Year Ended June 30, 2023 Table of Contents 2 Page No. Statistical Information Section Financial Trends Changes in Net Position by Component – Last Ten Fiscal Years .................................... 91-92 Operating Revenue by Source – Last Ten Fiscal Years ..................................................... 93 Water Operating Expenses – Last Ten Fiscal Years .......................................................... 94 Wastewater Operating Expenses – Last Ten Fiscal Years ................................................. 95 Water Reclamation Operating Expenses – Last Ten Fiscal Years ....................................... 96 Revenue Capacity Water Sales and Production – Last Ten Fiscal Years ........................................................ 97 Revenue Rates for Water – Last Ten Fiscal Years ...................................................... 99-100 Revenue Rates for Wastewater – Last Ten Fiscal Years ............................................ 101-102 Active Services by Type – Last Ten Fiscal Years ............................................................. 103 Principal Customers – Current Fiscal Year and Nine Years Ago......................................... 104 Debt Capacity Ratio of Outstanding Debt – Last Ten Fiscal Years .......................................................... 105 Debt Service Coverage – Last Ten Fiscal Years............................................................... 106 Demographic Information Demographic and Economic Statistics – Last Ten Calendar / Fiscal Years ......................... 107 Operating Information Full-Time Equivalent Employees by Department – Last Ten Fiscal Years ........................... 108 Operating and Capacity Indicators for Water and Wastewater – Last Ten Fiscal Years ....... 109 Other Information Capacity Charge Funds ............................................................................................ 111-114 3 4 5 October 25, 2023 To the Board of Directors and Customers of East Valley Water District, We are pleased to submit the Annual Comprehensive Financial Report (Annual Report) for East Valley Water District for the year ended June 30, 2023. This report was prepared by District staff in accordance with standards established by the Governmental Accounting Standards Board (GASB). The District’s management is responsible for the presented data, and the completeness and fairness of the presentation, including the note disclosures. We believe that the report presented is accurate in all material respects, and that the financial statements and other information are presented in a manner that enables readers to gain a full understanding of the District’s financial activities for the year. Readers should also refer to the Management’s Discussion and Analysis in the Financial Section of the Annual Report for a detailed discussion regarding the District’s financial condition and results of operations. The Annual Report follows the guidelines recommended by the Government Finance Officers Association (GFOA) of the United States and Canada. In November 2023, the District will, again, submit the Annual Report to this organization for review and possible recognition for achievement in reporting excellence. Background East Valley Water District (the District) was formed on January 18, 1954, and since then, has provided retail water service to customers in an expanding service area which now covers 30.1 square miles. The District directly serves treated water to approximately 104,000 people in the City of Highland, the eastern portion of the City of San Bernardino, the San Manuel Band of Mission Indians, and portions of the County of San Bernardino. In 1964, the District began providing wastewater collection services to the same service area. As of June 30, 2023, the District had 21,679 water connections and 19,831 wastewater connections. Water Supply and Reliability The District’s water supply for the year ended June 30, 2023 includes groundwater (80.8 percent), surface water (6.9 percent), and imported water (12.3 percent). Groundwater is pumped from the Bunker Hill Basin, and surface water from the Santa Ana River is diverted based on rights acquired from the North Fork Water Company. 6 Local Economy East Valley Water District is located within San Bernardino County in a metropolitan area referred to as the “Inland Empire”. Since 2014, the District’s population has grown by more than 9 percent and currently, comprised of mostly residential and commercial customers, with no major industrial users. Large consumers remain consistent year to year with the San Bernardino City Unified School District, Patton State Hospital, City of Highland, San Manuel Indian Bingo & Casino, and Village Lakes Homeowners Association forming the list of top five users. In 2023, the average household income within the District’s service area was $56,514, approximately 22% lower than the County of San Bernardino. Customers who reside in the City of Highland account for approximately 65% of the District’s customer base. These customers had an average household income of $68,105, approximately 21% higher than the overall District average. Financial Management The District manages its resources conservatively to deliver safe and reliable services to its customers at a fair and cost-effective price. It focuses on establishing fair rates, cost containment, long-term planning, maintaining and upgrading infrastructure, and pursuing alternative source of funding. This approach has allowed the District to undertake substantial capital improvement projects during tough economic times, while passing a series of modest rate increases. The keys to the District’s successful financial management are the District’s Capital Improvement and Financial Plan (CIFP), comprehensive reviews of water and wastewater rates, and the annual budget process. The CIFP provides a comprehensive view of infrastructure investments necessary over a seven-year period to ensure that water resources are adequate, water quality is maintained, and the water and wastewater service needs of current and future customers are met. The CIFP is reviewed annually by the District’s Board of Directors (Board) during the budget process, at which time the highest priority projects are adopted and receive authorization for expenditure along with the District’s operating budget. The District’s financial planning also includes the establishment and funding of reserves, and the pursuit of alternative funding sources, both of which help reduce reliance on rates and rate increases. In recent years the District has been very successful in pursuing project funding from the State Revolving Fund and Federal Emergency Management Agency (FEMA), and have applied for water and energy efficiency project funding from the Bureau of Reclamation and Edison. 80.8% 6.9% 12.3% Water Supply Sources Groundwater Surface Water Imported 7 Internal Control District management is responsible for establishing a system of internal accounting controls designed to provide reasonable assurances that assets of the District are safeguarded against losses from unauthorized use or disposition, and theft. The District’s internal controls also ensure the proper recording of financial transactions, and the preparation of financial statements in accordance with Generally Accepted Accounting Principles (GAAP). The District’s internal control structure is designed to provide reasonable assurance that these objectives are met. The concept of reasonable assurance recognizes that 1) the cost of a control should not exceed the benefits likely to be derived and 2) the valuation of costs and benefits requires estimates and judgments by management. Budgetary Control The District’s Board of Directors annually adopts a balanced operating and capital budget prior to the new fiscal year. The budget authorizes expenditures and provides a basis for accountability over the District’s enterprise operations and capital projects. Each quarter, management provides the Board with a quarterly budget review to allow Board assessment of staff’s progress in meeting goals and objectives, and budget adjustments, if necessary, are requested at the mid-year budget review in February. Debt Administration The District utilizes proceeds from long-term debt, along with reserves and contributions from the operating budget, to finance major construction projects. Current debt consists of Revenue Bonds and loans from US Bancorp, the State Revolving Fund, and the San Bernardino Valley Municipal Water District. The District received a credit rating of AA- from Standard and Poor’s and Fitch when the Revenue Bonds were issued in September 2020. This rating was affirmed by Standard and Poor’s Global Rating as the result of a review conducted in January 2023. Investment Policy The Board of Directors annually adopts an investment policy that conforms to California State Law, District ordinances and resolutions, and the prudent person standard. The objectives of the policy are safety, liquidity, and yield. District funds are normally invested in the State Treasurer’s Local Agency Investment Fund (LAIF), and Federal government Treasury notes or agency obligations. Audit and Financial Reporting State law requires the District to obtain an annual audit of its financial statements by an independent Certified Public Accountant. This year, the District’s Financial statements were audited by Rogers, Anderson, Malody & Scott, LLP from San Bernardino, California. Their audit opinion is included in the Basic Financial Statements section of this report. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the District for its Annual Comprehensive Financial Report for the fiscal year ended June 30, 2021. This was the tenth year that the District has achieved this prestigious award. To be awarded a Certificate of Achievement, a governmental entity must publish an easily readable and efficiently organized Annual Comprehensive Financial Report. This report must satisfy both GAAP and applicable legal requirements. 8 A Certificate of Achievement is valid for a period of one year only. We believe that our current Annual Comprehensive Financial Report continues to meet the Certificate of Achievement Program requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. Acknowledgements Preparation of this report was accomplished by the combined efforts of District staff. We appreciate the dedication and professionalism that our staff bring to the District. We would also like to thank the members of the Board of Directors for their continued support in the planning and implementation of the financial affairs of the District. Respectfully submitted, Michael Moore General Manager/CEO Brian W. Tompkins Chief Financial Officer EAST VALLEY WATER DISTRICT Organizational Structure Year Ended June 30, 2023 9 EAST VALLEY WATER DISTRICT Principal Officials Year Ended June 30, 2023 10 Vision Enhance and preserve the quality of life for our community through innovative leadership and world class public service. Core Values Leadership: Motivating a group of people to act towards achieving a common goal or destination. Partnership: Developing relationships between a wide range of groups and individuals through collaboration and shared responsibility. Stewardship: Embracing the responsibility of enhancing and protecting resources considered worth caring for and preserving. East Valley Water District Governing Board Members as of June 30, 2023 Name Title Elected / Appointed Current Term Phillip R. Goodrich Chairman of the Board Elected 2022 - 2026 James Morales, Jr.Vice-Chairman of the Board Elected 2022 - 2026 David E. Smith Governing Board Member Elected 2020 - 2024 Ronald L. Coats Governing Board Member Elected 2022 - 2026 Chris Carrillo Governing Board Member Elected 2020 - 2024 Contact Information East Valley Water District Michael Moore, General Manager/CEO 31111 Greenspot Road Highland, CA 92346 (909) 889-9501 www.eastvalley.org EAST VALLEY WATER DISTRICT GFOA Certificate Year Ended June 30, 2021 11 12 EAST VALLEY WATER DISTRICT Independent Auditor’s Report Year Ended June 30, 2023 13 EAST VALLEY WATER DISTRICT Independent Auditor’s Report Year Ended June 30, 2023 14 EAST VALLEY WATER DISTRICT Independent Auditor’s Report Year Ended June 30, 2023 15 EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 16 The District East Valley Water District (District) is a California Special District established under section 30000 et seq. of the California Water Code. The District is engaged in pumping, treating, and distributing water to its customers, as well as maintaining a collection system for residential and commercial wastewater that is delivered for treatment at a plant owned by the City of San Bernardino Water Department. The District serves the City of Highland and portions of the City and County of San Bernardino in California. The Basic Financial Statements East Valley Water District is a special-purpose government agency, engaged in activities that are supported exclusively by user charges. As such, the District’s financial statements are presented in the format prescribed for proprietary funds by the Governmental Accounting Standards Board (GASB). The following financial statements for the year ended June 30, 2023 (2022 for comparative purposes only) consist of three interrelated statements designed to provide the reader with relevant, understandable data about the District’s financial condition and operating results. They are the Statement of Net Position, the Statement of Revenues, Expenses, and Changes in Net Position, and the Statement of Cash Flows. The Statement of Net Position presents financial information on the District’s assets, liabilities, and deferred inflow and outflows of resources, with the difference reported as net position as of the last day of the District’s fiscal year. Over time, increases or decreases in net position can serve as a useful indicator of whether the financial position of the East Valley Water District is improving or deteriorating. The Statement of Revenues, Expenses, and Changes in Net Position presents information showing how the District’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the related cash flows. The Statement of Cash Flows (direct method) conveys to financial statement users how the District managed cash resources during the year. This statement converts the change in net position presented on the Statement of Revenues, Expenses, and Changes in Net Position into actual cash provided by or used for operations. The Statement of Cash Flows also details how the District obtains cash through financing and investing activities, and conversely, how cash is spent for these purposes. Summary Financial Information and Analysis Financial Condition During the year ended June 30, 2023, the District’s total assets and deferred outflows increased by $24.5 million, to $385.1 million. The increase was the combined result of increases to both Current assets and Capital assets. Current assets increased $9.0 million (25%) to $45.4 million. While the increase is a net between increases and decreases of the various current asset line items, the primary reason for the increase was in the amount Due From Other Governments, which grew from $10.3 million to $20.5 million. This category recognizes outstanding EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 17 reimbursement claims from the state revolving fund for loan eligible construction activity on the Sterling Natural Resource Center (SNRC), or reimbursements receivable from partner agencies in the construction of regional recycled water facilities. Utility Accounts Receivable balances fell 14.8% to $5.9 million for two reasons. First, the District resumed full collection efforts on delinquent accounts, up to and including service disconnection, which is the District’s most effective tool for collections. The Governor’s moratorium on disconnections for non-payment between April of 2020 and December 2021 allowed some customers to accumulate delinquent balances for up to two years, balances that they would not be able to pay without financial assistance. Securing external financial assistance was the second tool that helped lower customer balances, which the District facilitated by enrolling in two programs - CAPP and LIHWAP. The California Arrearage Payment Program (CAPP) supplied state funds which could be applied to customer account balances incurred over a qualifying period during the pandemic. More recently the District enrolled in the Low Income Household Water Assistance Program (LIHWAP) which supplied federal funds to pay customer account balances if they were eligible, based on income thresholds. More than $600 thousand in external funding has been applied to customer balances through June 2023. Inventory balances remained level, increasing just 3.2% to $974 during FY 2022-23. Restricted Asset balances increased from $11.0 to $12.4 million. The increase is the result of significant development activity and the related collection of restricted development impact fees. Restricted assets do not include large retentions held on the construction contract of the Sterling Natural Resource Center, as payment of the retentions will be made with loan proceeds borrowed from the state revolving fund (converted to Long Term debt) rather than paid out of current financial resources. 2023 2022 Current Assets 45.4$ 36.4$ Restricted Assets 12.4 11.0 Other Assets 0.3 0.3 Capital Assets - Net 319.7 309.2 Total Assets 377.8 356.9 Total Deferred Outflow of Resources 7.3 3.7 Current Liabilities 26.4 21.0 Non-Current Liabilities 207.9 186.9 Total Liabilities 234.3 207.9 Total Deferred Inflows of Resources 3.0 7.6 Net Position Net Investment in Capital Assets 112.9 117.1 Restricted 10.8 9.1 Unrestricted 24.1 18.9 Total Net Position 147.8$ 145.1$ Capital Assets increased by $10.5 million during the 2022-23 fiscal year. For purposes of the table above, Capital Assets includes construction in progress (CIP), utility plant in service, and the related accumulated depreciation. Changes in Capital Assets included additions of $16.8 million, Net of Asset Retirements with a book value of $0.01 million and an annual depreciation charge of $6.3 million. Capital additions during the year were primarily EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 18 Construction in Progress on the SNRC. A more detailed description of capital spending is in the Capital Assets section of this analysis. Total Deferred Outflow of Resources consists of pension contributions made after the most recent pension plan actuarial valuation, as well as differences between projected and actual earnings on pension plan investments and changes in assumptions. Investment losses of 6.1% on pension plan assets during the plan year ended June 2022, compounded by actuarial assumptions that the assets would earn 6.8%, led to a significant increase in Deferred Outflows-Pensions for 2022-23 of $3.3 million. This amount was accompanied by an increase in Deferred Outflows related to Other Post Employment Benefits (OPEB) of $0.3 million. As current assets increased by $9.0 million, current liabilities also increased by $5.1 million, the result of a growing retentions payable balance and an increase of $3.1 million in year-end vendor payables compared to the prior year end. These increase in the current balances resulted in no change to the District’s current ratio which remained at 1.7:1. However, by removing $10.6 million in retentions payable related to the SNRC from the calculation, the current ratio improves to 2.9:1. Justification for removing the SNRC retentions payable from the calculation is that when the contractor is paid the retention, the District will request a draw against its SRF loan for the retentions, rather than drawing on District financial resources, in effect converting retentions to long-term debt. Non-Current Liabilities increased by $20.9 million, the net effect of: • $16.1 million in draws on the State Revolving Fund loan for the SNRC; plus • $(2.5) million in principal payments and premium amortization; • $(0.1) million decrease in Long-Term Debt amounts classified as Current Liabilities; • $0.2 million increase in Compensated Absences and Other Post-Employment Benefit obligations calculated in accordance with GASB statement 75 (retiree medical); and • $7.2 million increase in unfunded pension benefit obligations due to extraordinary losses on pension plan assets held by CalPERS for the year ended June 2022, the date of the valuation on which current obligations are calculated. Pensions and OPEB (Other Post Employment Benefits) are further discussed in Notes 8 and 11 of the accompanying financial statements. Long-Term Debt and Compensated Absences are further explained in financial statement Notes 5 and 6, respectively. The District’s total Net Position was $147.8 million at the end of fiscal year 2023, a $2.7 million increase compared to the end of the previous fiscal year. Of the $147.8 million Net Position balance, $112.9 million is categorized as Net Investment in Capital Assets, $10.8 million is Restricted for Capital Expansion Projects, and $24.1 million is Unrestricted. The calculation of Net Investment in Capital Assets is included in Note 7 of the accompanying financial statements. Looking at longer term results, the District’s total Net Position has increased $24.5 million and $25.7 million over five and ten year periods, respectively. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 19 Results of Operations and Changes in Net Position Water Operations Water sales for fiscal year 2022-23 decreased 8.0% to $17.0 million, the result of a decrease in water demand by customers from 17,998 acre-feet in 2021-22, to 15,341 acre-feet. The significant decline in demand, or consumption, is attributable to historic levels of snowfall and rain in California during the winter of 2023. Locally, the District’s weather station in Highland, California recorded 24.03 inches of rain from July 2022 to June 2023, compared to 10.44 inches recorded in the previous fiscal year. Sales revenue of $17.0 million fell short of 2022-23 projections of $17.7 million. Projections are based on historical usage, and follow a predictable pattern, but again, extraordinary levels of rain throughout the winter months suppressed demand for water, especially water used for irrigation. Sales for irrigation purposes fell by approximately 21%, while residential usage decreased by approximately 15%. Usage by commercial / business customers had the smallest decline in usage at about 5%. Total water produced by the District during the year was 16,408 acre feet, with the difference between water produced and water sold of 1,067 acre feet (6.5%) being the result of District flushing programs, water use at District facilities, and system leaks. The District, like all California water agencies, participates in an annual water audit to identify and work to mitigate unidentified water losses from the District’s water distribution system. The other major water operating revenue collected by the District is Water System, or Meter Charge revenue. Meter Charge revenue grew by 6.9% to $9.8 million for fiscal year 2022-23. The increase was due to a 3% rate increase that became effective in February of 2023, and to a lesser extent, new development. The District has three active residential developments during 2022-23 and added approximately 100 new customers as a result. $0 $5 $10 $15 $20 $25 $30 $35 2019 2020 2021 2022 2023 Mi l l i o n s Water Operating Revenue versus Expenses Revenue Expenses Water Operating expenses decreased 1.2% to $26.6 million for fiscal year 2022-23. The primary factors contributing to this significant increase were a market median wage adjustment for positions found by an independent study to EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 20 be significantly below market median, energy costs, and inflationary pressure on the price of goods and services overall. The rising cost of energy has had a significant impact on water operations for the past three years. Although the District has recently implemented two rate adjustments, Edison rate increases, combined with rising insurance costs and fuel costs, have kept the District from being able to build on reserves. In addition to rate increases, Edison redefined daily ‘peak’ hours. Peak hours and the high rates associated with them, were shifted away from the period 1:00 p.m. to 5:00 p.m., hours during which demands on the electrical grid have fallen because many customers are generating their own solar energy during those hours, to 4:00 p.m. to 9:00 p.m. when customers returning home from work/school are using electrical appliances but cannot generate solar energy. The District was able to adjust to the shift in peak hours during weekdays, but another revision that added peak hour pricing to weekend days disrupted District operational strategies that avoided peak hour rates by filling all reservoirs during the weekend. The effects of power cost increases and other costs fluctuations on the various cost centers and programs are outlined below: • Source of Supply: power costs related to groundwater well production increased $834 thousand (46%) as water production was shifted from the District’s Surface Water Treatment Plant to wells while new Granular Activated Carbon treatment trains were installed at the treatment plant. • Pumping: power costs related to boosting water to higher pressure zones increased $117 thousand (18%) to $763 thousand due to continued changes in Edison rates and rate structures explained above. • Treatment: these costs increased $167 thousand (16%) overall primarily due to a $125 thousand increase in materials and supplies, as District staff replaced fittings and valves on Plant 134 membrane treatment trains as these fittings were 15 years old. Staff also had to contract for the replacement of GAC filter media at the District’s Plant 28, which led to a 54% increase in Contract Services costs for the treatment program compared to prior year costs. Power and chemical costs decreased slightly due to the shift in water production from the treatment plant to wells explained above. • Transmission and Distribution: distribution system maintenance costs increased $748 thousand (21%) due to increases to all the major budget line items for this program – salaries & benefits, contract services, and materials and supplies. The costs were higher than projected as District crews responded to more than 200 main leaks, five of which involved significant water loss. Contracted paving services increased along with the number of leaks repaired. Wastewater Collection Operations Wastewater Collections operating revenues consist of System Charges and Other Operating Revenue. System Charge rates are set by the District to cover the cost of maintaining the District’s wastewater collection system and to cover a portion of administrative and general expenses. A rate adjustment implemented in January 2023 was primarily responsible for an increase in System charge revenue to $5.6 million for 2022-23. Other Operating Revenue includes inspections, plan checking, and other development related fees; and periodic reimbursements from other public agencies or utilities for shared costs or participation in conservation programs. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 21 In fiscal year 2022-23, Other Operating Revenue included significant service connection fees related to Additional Dwelling Units (ADUs) built on parcels with existing residential units. Wastewater Collection pipeline maintenance costs increased by 28% compared to the prior year. This change is the result of increased salaries and benefits costs as the District filled a vacant position on the maintenance crew. $0 $1 $2 $3 $4 $5 $6 $7 2019 2020 2021 2022 2023 Mi l l i o n s Wastewater Collections Operating Revenue versus Expenses Revenue Expenses Water Reclamation Operations Water Reclamation operating revenue consists primarily of Wastewater Treatment charges. Treatment Charge rates have historically been established by the City of San Bernardino Water Department (City), which currently, and until approximately February 2024, treats wastewater flows generated by District customers. In February, upon completion of the SNRC, the District should have the capability to treat its own wastewater. The graph below depicts the District’s revenue and expenses related to the treatment of wastewater. Through FY 2021 the District used the City rates to bill its customers and then remit payment to the City at the end of each month. Under this relationship, treatment revenue collected was exactly equal to treatment fees paid to the City. In May 2022, the District established and implemented its own rates and began hiring operators and covering startup costs for commencement of operations at the SNRC. The District’s Wastewater Treatment rates were adopted with three phases. Phases 1 and 2 were implemented in May 2022 and January 2023, respectively, with phase 3 scheduled for implementation in January 2024. The District’s rate structure consists of fixed monthly charges for all residential customers, and for non-residential customers, a combination of fixed and variable charges, which are assessed based on water usage. For the year ended June 2023, Water Reclamation revenue was $10.1 million, compared to $9.7 million in the previous fiscal year. The increase was substantially due to the rate adjustment that became effective in January 2023. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 22 $6 $7 $8 $9 $10 $11 2019 2020 2021 2022 2023 Mi l l i o n s Water Reclamation Operating Revenue versus Expenses Revenue Expenses Water Reclamation is presented as a separate fund for the first time in 2022-23 and costs that are being incurred have no prior year numbers for comparison purposes. Therefore, just a brief description of costs that were incurred in the inaugural year follows. Water Reclamation operating costs include continued monthly treatment fees paid to the City; these payments will continue until the SNRC is operational and flows can be diverted away from the City’s treatment plant. Treatment fees (included in Contract Services) were $8.5 million, compared to $9.0 million in the previous fiscal year; a 6% decrease. Treatment fees include a significant component based on water usage, which as explained in previous sections, was down significantly in 2022-23 Other treatment operating costs totaled $1.1 million and included operator labor and benefits, power costs, and supplies. In addition, costs for maintenance of the plant, such as facilities labor and benefits, insurance, security, and tools, totaled $0.7 million. Shared Customer Account & Administrative Costs Costs related to Customer Accounts are generated by the Customer Service and Meter Services departments. The burden for funding these costs is allocated between the Water and Wastewater Collection funds at roughly a 70%- 30% split; the Water Reclamation fund does not currently share in these costs, and will not until the fund is more established and revenues are able to cover costs sufficiently. Customer account costs did increase 31% in 2022-23, primarily due to the opening of a second Customer Service counter at the new SNRC campus in July 2022. The cost experiencing the most significant increases were salaries and benefits, contract services, and postage. Salaries & benefits increased due to normal pay range step increases, the creation of a second Lead position for the new office, and increased reliance on temporary labor to fill in for vacations and illnesses. Contract Services increased because of duplicate services needed at the second site (e.g. Armored car), and the ramping up of bill collection efforts when the moratorium on disconnections for non-payment was lifted by the Governor. Increased delinquent notice delivery related to the collection efforts was also the reason EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 23 for an increase in postage. Administrative and general costs for the District decreased by 5.0% to $13.2 million. The decrease is the net effect of several factors, the most significant of which are the following: 1. Salaries & Benefits decreased $2.4 million to $6.0 million, compared to $8.4 million incurred in the previous year. This unlikely variance between years is the result of accounting entries to adjust pension and OPEB liabilities to actuarially calculated balances. These adjustments had the effect of increasing Benefits costs by $1.4 million in the previous year, and decreasing them by $1.0 million in the current year. If these adjustments are ignored, salaries and benefits remained constant at about $7.0 million, with the normal pressures for increases from raises and COLA adjustments that were offset by vacated positions that had not been filled as of June 2023. 2. Insurance costs continued to climb, by 52.5% to $1.2 million in 2022-23. The insurance industry in California continues to feel the effects of costly wildfires in 2019, including the District’s risk pool which buys excess insurance on the open market. 3. Contract Services increased 45.8% to $3.8 million. The most significant items were incurred at the new SNRC administrative campus, where security services, landscaping and other maintenance services, software licensing and maintenance, and utilities added approximately $800 thousand to annual costs. Non-Operating Activities The District’s non-operating revenue of $432 thousand includes investment income of $352 thousand, a gain on disposal of surplus vehicles of $30 thousand, and miscellaneous income of $50 thousand. Investment income is earned on the District’s portfolio of US Treasury and Agency Bonds and deposits with the Local Agency Investment Fund (LAIF). During 2022-23, the District’s investment earnings increased 50% compared to the prior year, with yields on U.S. obligations exceeding 5% and the apportionment rate paid by LAIF more than quadrupled from 0.75% to 3.15%. At year end, however, the District booked an unrealized loss on investments due to fair value fluctuations, and the loss of $87 thousand (presented with non-operating expenses) reduces the net income on investments to $265 thousand. One additional item shown as non-operating expense is interest paid on Long-Term Debt of $869 thousand. Capital Contributions Contributions received during fiscal year 2022-23 included $1.9 million in developer capacity fees and $62 thousand in operating cost reimbursement grants related to COVID-19. Capacity fees were received for 113 Equivalent Dwelling Units (EDUs) throughout the fiscal year, with 36 of the units being classified as commercial, and the remaining 77 units coming from two moderate developments of single- family homes. Grant funds received were $58 thousand FEMA funds for COVID-19 pandemic related expenses and safety protocols put in place during 2021. The remaining $4 thousand is administrative cost reimbursements for the District’s participation in the California Arrearage Payment Program (CAPP) in which the state paid delinquent customer accounts for bills incurred during the pandemic. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 24 East Valley Water District Changes in Net Position (in millions) 2023 2022 2021 Water Sales 17.0$ 18.5$ 19.3$ System Charges 15.5 14.0 13.9 Treatment Charges 10.1 9.8 8.5 Other Operating Rev 1.2 0.8 0.5 Supply & Pumping (4.9) (4.3) (4.2) Distribution / Collection (5.1) (4.2) (4.0) Treatment (10.8) (10.1) (9.5) Customer Accounts (2.2) (1.7) (1.6) General & Administrative (13.2) (13.9) (10.7) Depreciation (6.3) (6.4) (6.5) Non-Operating Revenues 0.4 1.3 0.2 Interest Expense (0.9) (1.6) (2.6) Income Before Contributions & Special Item 0.8 2.2 3.3 Developer Contributions 1.8 2.7 0.6 Grant Funds Contributed 0.1 0.1 0.3 Change in Net Position 2.7 5.0 4.2 Beginning Net Position, as Previously Reported 145.1 140.1 135.9 Ending Net Position 147.8$ 145.1 140.1 Components of Net Position The District is required to present its net position in three categories: Net Investment in Capital Assets, Restricted, and Unrestricted. Net Investment in Capital Assets The components comprising Net Investment in Capital Assets are presented in Note 7 of the accompanying financial statements. The balance at June 30, 2023 is $112.9 million, a decrease of $4.2 million compared to June 30, 2022. The decrease is the net result of the acquisition or construction of capital assets for $16.7 million, offset by a $14.6 million increase in outstanding debt (includes associated deferred inflows/outflows), and depreciation of $6.3 million. Restricted Restricted Net Position consists of unexpended development impact fees which may only be appropriated for a project included in the District’s Capital Improvement Program. During fiscal year 2022-23 the District received $1.9 million in capacity fees while no restricted funds were used to fund current projects. A summary of the accumulation and use of these funds is presented as Other Information in this document. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 25 Unrestricted Unrestricted Net Position is the balance after amounts to be classified as Net Investment in Capital Assets or Restricted have been determined. Unrestricted Net Position increased $5.2 million to $24.1 million in fiscal year 2022-23. Capital Assets The District spent approximately $16.7 million for expansion or replacement of property, plant, and equipment during the 2022-23 fiscal year. These amounts are reflected in Utility Plant, or as additions to Construction in Progress, in the accompanying financial statements. Placed in Service During the 2022-23 fiscal year, District staff, consultants, and contractors completed work on the following: • Rehabilitated 2 million gallon storage tank at Plant 108; • Installed emergency generator (grant funded) at Plant 101; • Replaced and upsized approximately 1,800 feet of water main in Elmwood Road and Pleasant Hill Drive with District crews; and • Completed renovations to Boardroom and Customer Service counters to enhance security and functionality. Utility Plant in Service – June 30th (in millions) Department 2023 2022 Water Source of Supply 19.8$ 19.5$ Pumping 15.2 15.2 Transmission & Distribution 102.2 100.9 Treatment 29.3 29.2 Wastewater Collection Lines 27.9 27.8 General Plant 32.6 31.2 Total 227.0$ 223.8$ Construction in Progress (CIP) Construction in Progress increased $12.7 million to $196.7 million (see note 4) between June 30, 2022 and June 30, 2023. With approximately 45 projects in progress, additions to CIP totaled $15.6 million, while $2.9 million was capitalized and transferred to Utility Plant in Service, or expenses. Of the $196.7 million balance in Construction in Progress at June 30, 2023, 96% is related to a single project, the Sterling Natural Resource Center. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 26 The SNRC is a water reclamation plant capable of converting six million gallons per day (mgd) of wastewater into recycled water that will be recharged into the regional groundwater basin. Future phases will increase capacity of the plant to 10 mgd. Other significant work in progress includes upgrades to treatment processes at the District Surface Water Treatment Plant (134), and drilling of two monitoring wells to monitor effects of recharging recycled water in the groundwater basin. Future Capital Improvements - Water The District’s ability to meet water quality requirements, promote water conservation, and increase efficiencies in conducting District business are the driving forces by which District management develops long-term capital plans. To meet these objectives, the District’s 5-year Capital Improvement Plan includes the following projects: • Rehabilitation of District water storage tanks; • Replacement of aging water distribution pipelines that require frequent repair and are suspected of causing system water losses; • Seismic retrofits for multiple water tanks / reservoirs to help ensure structural integrity of the tank during a major earthquake; and • Partner with developers to increase the capacity of new storage tanks they plan to build to serve their project. The District has been awarded 10% match funding under the State’s Prepare California Match Program for a $6.8 million project to complete seismic retrofits on several water storage tanks. A District application for FEMA 2022 Building Resilient Infrastructure and Communities (BRIC) grant funds to cover 90% of the project is under review and should be finalized early in 2023. The District has also been awarded Phase 1 FEMA funding of over $1.1 million for design of a significant water main replacement project. Once design is complete, the District will work to finalize Phase 2 funding to cover up to $40 million in replacement of pipelines which qualify for hazard mitigation assistance. The District is also exploring the feasibility of building a new surface water treatment plant in the District’s east end, closest to the source of surface water and to the largest areas of undeveloped land in the District’s service area. Future Capital Improvements - Wastewater The District maintains a list of recommended wastewater main replacements / rehabilitations based on assessments of pipeline condition noted during video logging of the collection system. Pipelines assessed at the highest risk of structural failure are prioritized on the District’s 5-year Capital Improvement Plan (CIP). The District will also update its Wastewater Collection System Master Plan during fiscal year 2024-25 to identify undersized main pipelines that are susceptible to surcharging during heavy rains. Undersized pipelines can impede new development and will be included in discussions with developers as necessary. Pipelines identified in the District’s Wastewater Collection System Master Plan will be built into models developed for an update to the District’s capacity fees. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 27 Long Term Debt / Credit The District’s long-term debt consists of Revenue Bonds, loans from the California Department of Water Resources (DWR) State Revolving Fund, a capital lease purchase with U.S. Bank, and a loan from the San Bernardino Valley Municipal Water District (SBVMWD). Outstanding balances as of June 30, 2023 were as follows: 2020A Refunding Bonds 15,050,000$ 2020B Refunding Bonds 13,060,000 SBVMWD Loan 1,275,000 AVAD Construction 50,716 EFAD Construction 260,323 Plant 134 Construction 5,134,773 SNRC Construction 155,723,918 U.S. Bank Lease Purchase 444,375 Total 190,999,105$ The funding agreement with the State Water Resources Control Board for the SNRC construction consists of a $150.3 million loan at 1.8% and a $6.7 million grant, and was finalized on November 21, 2019. In May of 2023 the District was approved for an increase in the loan to $168.3 million for three purposes, 1) finance a large emergency storage basin for off-spec water in the event of an SNRC emergency shutdown, 2) upgrade boosters to move recycled water farther to a revised location for recharge, and 3) to fund a gap between the amount of contracts signed to build digesters at the SNRC, and the existing loan funding for those digesters. Debt service of approximately $7.5 million and plant operating expenses will be paid with $8.7 million currently paid to the City of San Bernardino Water Department for wastewater treatment. Additional revenue streams will include Local Resource Investment Program payments received from the San Bernardino Valley Municipal Water Department for the recharge of recycled water produced by the SNRC, tipping fees from waste haulers who dispose of liquid waste at the District digesters, and energy cost avoidance through use of power produced by the digesters. The loan balance as of June 30, 2023 is $155.7 million; loan payments will begin one year after the Notice of Completion is filed for the SNRC. All scheduled debt payments for fiscal year 2022-23 were paid timely. See Note 5 to the accompanying financial statement notes for further discussion about Long-Term Debt. EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2023 28 $0 $50 $100 $150 $200 $250 2019 2020 2021 2022 2023 Mi l l i o n s Outstanding Long-Term Debt June 30th 2020B Bonds 2020A Bonds SBVMWD Loan US Bank Loan SRF Loans-Other SRF Loan-SNRC Standard & Poor’s and Fitch rated the District’s 2020 Series A and B Revenue Bonds at AA- at the time of issuance. Fitch affirmed this rating after a review of the District’s financial plans in June 2023. Dun & Bradstreet (D&B), based on audited financial statements and creditor input, also rated the District. The rating given by D&B is currently 5A1 accompanied by a financial condition assessment of ‘strong’, which is no change from previous years. Rate Increases On May 12, 2021 the District adopted rate adjustments for water and wastewater collection activities, and adopted inaugural rates for the District’s water reclamation activities which were implemented in May of 2022 to help pay startup costs being incurred prior to commencement of operations of the Sterling Natural Resource Center. Additional rate adjustments for all water and wastewater services are scheduled to become effective on January 1, 2024. Additional information about the District’s water and wastewater rates can be found on the District’s website at www.eastvalley.org. Contacting the District’s Financial Management This financial report is designed to give our customers / ratepayers, creditors, and investors a general overview of the District’s finances, and to demonstrate the District’s accountability for money it receives, and stewardship over facilities it maintains. If you have questions about this report, or need additional information, contact the District’s Finance Department at 31111 Greenspot Road, Highland, California 92346, or call (909) 381-6463. 29 30 EAST VALLEY WATER DISTRICT Statement of Net Position June 30, 2023 The accompanying notes are an integral part of this statement. 31 For Comparative Purposes Only 2023 2022 ASSETS Current Assets: Cash and Cash Equivalents 10,465,911$ 11,313,557$ Investments 5,329,245 4,574,471 Accounts Receivable, Net 5,940,839 6,974,934 Interest Receivable 73,545 18,461 Other Receivables 1,847,810 1,994,056 Due from Other Governments 20,552,300 10,306,002 Inventory 974,820 944,539 Prepaid Expenses 256,800 270,497 Total Current Assets 45,441,270 36,396,517 Non-Current Assets: Restricted Cash and Cash Equivalents 12,357,894 10,960,683 Assessments Receivable 263,478 285,745 Capital Assets not being Depreciated 203,751,889 190,577,346 Capital Assets, Net 115,951,753 118,693,660 Total Non-Current Assets 332,325,014 320,517,434 Total Assets 377,766,284 356,913,951 DEFERRED OUTFLOWS OF RESOURCES Deferred Charge on Refunding 854,647 896,852 Deferred Outflows - Pensions 5,317,071 2,024,887 Deferred Outflows - OPEB 1,184,326 794,163 Total Deferred Outflows Of Resources 7,356,044 3,715,902 Total Assets and Deferred Outflows of Resources 385,122,328$ 360,629,853$ (Continued) EAST VALLEY WATER DISTRICT Statement of Net Position - Continued June 30, 2023 The accompanying notes are an integral part of this statement. 32 For Comparative Purposes Only 2023 2022 L IABILITIES Current Liabilities: Accounts Payable and Accrued Expenses 8,423,138$ 5,283,932$ Accrued Payroll and Benefits 825,377 772,778 Customer Service Deposits 1,403,962 1,390,220 Construction Advances and Retentions 12,142,565 10,188,813 Accrued Interest Payable 263,778 263,507 Current Portion of Compensated Absences 652,177 604,122 Current Portion of Long-Term Debt 2,555,654 2,499,787 Due to Other Governments 135,523 - Total Current Liabilities 26,402,174 21,003,159 Non-Current Liabilities: Compensated Absences, Less Current Portion 775,590 683,507 Net Pension Liability 13,855,136 6,657,689 Net OPEB Liability 1,986,360 1,861,875 Long-Term Debt, Less Current Portion 191,256,816 177,740,054 Total Non-Current Liabilities 207,873,902 186,943,125 Total Liabilities 234,276,076 207,946,284 DEFERRED INFLOWS OF RESOURCES Deferred Inflows - Refunding 1,128,796 1,181,143 Deferred Inflows - Pensions 1,600,501 6,115,141 Deferred Inflows - OPEB 326,072 288,464 Total Deferred Inflows Of Resources 3,055,369 7,584,748 Total Liabilities and Deferred Inflows Of Resources 237,331,445 215,531,032 NET POSITION Net Investment in Capital Assets 112,909,956 117,079,071 Restricted for: Future Capital Expansion Projects 10,761,677 9,076,014 Unrestricted 24,119,250 18,943,736 Total Net Position 147,790,883$ 145,098,821$ EAST VALLEY WATER DISTRICT Statement of Revenues, Expenses, and Changes in Net Position Year Ended June 30, 2023 The accompanying notes are an integral part of this statement. 33 For Comparative Purposes Only 2023 2022 OPERATING REVENUES Water Sales 17,004,576$ 18,472,876$ Wastewater Treatment Charges 10,108,850 9,764,357 System Charges 15,483,115 14,020,823 Other Charges 1,213,471 835,559 Total Operating Revenues 43,810,012 43,093,615 OPERATING EXPENSES Water Department: Source of Supply 3,890,634 3,515,262 Pumping 1,003,038 756,843 Treatment 1,212,646 1,045,730 Transmission and Distribution 4,311,606 3,563,328 Customer Accounts 1,653,739 1,225,403 Total Water Department 12,071,663 10,106,566 Wastewater Department: Wastewater Collection 752,489 587,128 Customer Accounts 604,006 494,505 Total Wastewater Department 1,356,495 1,081,633 Reclamation Department: Customer Accounts 9,601,461 9,084,061 Total Reclamation Department 9,601,461 9,084,061 Administrative and General 13,221,140 13,927,491 Operating Expenses Before Depreciation 36,250,759 34,199,751 Depreciation 6,264,377 6,378,590 Total Operating Expenses 42,515,136 40,578,341 Operating Income 1,294,876$ 2,515,274$ (Continued) EAST VALLEY WATER DISTRICT Statement of Revenues, Expenses, and Changes in Net Position - Continued Year Ended June 30, 2023 The accompanying notes are an integral part of this statement. 34 For Comparative Purposes Only 2023 2022 NON-OPERATING REVENUES (EXPENSES) Investment Income 352,273$ 165,989$ Gain on Disposal 30,134 1,042,562 Other Income 49,404 33,706 Interest Expense (869,397) (1,295,223) Unrealized Investment Losses (87,280) (303,474) Total Non-Operating Revenues (Expenses)(524,866) (356,440) Income Before Contributions 770,010 2,158,834 CONTRIBUTIONS Capacity Charges 1,860,020 2,722,948 Operating Grants 62,032 103,577 Total Contributions 1,922,052 2,826,525 CHA NGE IN NET POSITION 2,692,062 4,985,359 TOTA L NET POSITION, BEGINNING 145,098,821 140,113,462 TOTA L NET POSITION, ENDING 147,790,883$ 145,098,821$ EAST VALLEY WATER DISTRICT Statement of Cash Flows Year Ended June 30, 2023 The accompanying notes are an integral part of this statement. 35 For Comparative Purposes Only 2023 2022 C ASH FLOWS FROM OPERATING ACTIVITIES Cash Received from Customers 45,004,610$ 42,383,540$ Cash Payments for Employees Services (12,286,780) (12,167,869) Cash Payments to Suppliers (21,332,407) (22,435,948) Cash to/(from) Other Sources 49,404 (1,186,152) Net Cash Provided by Operating Activities 11,434,827 6,593,571 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Reimbursements Received 3,103,376 8,287,456 Grant Funds Received 62,032 - Proceeds from Sale of Capital Assets 40,093 3,368,677 Developer Fees Received 1,860,020 2,826,525 Assessments Received 93,827 23,081 Proceeds/Draws from SRF Loan 2,705,185 13,221,385 Principal Paid on Capital Debt (2,336,691) (2,290,011) Interest Paid on Capital Debt (1,024,807) (1,527,660) Acquisition of Capital Assets (14,771,878) (25,897,709) Net Cash Used for Capital and Related Financing Activites (10,268,843) (1,988,256) CASH FLOWS FROM INVESTING ACTIVITIES Interest Received from Investments 224,214 62,700 Acquisition of Investments (1,139,837) (3,456,732) Proceeds from Sale of Investments 299,203 2,357,673 Net Cash Provided (Used) by Investing Activities (616,420) (1,036,359) Net Increase (Decrease) in Cash and Cash Equivalents 549,564 3,568,956 Cash and Equivalents, Beginning of Year 22,274,241 18,705,285 Cash and Equivalents, End of Year 22,823,805$ 22,274,241$ RECONCILIATION TO STATEMENT OF NET POSITION Cash and Cash Equivalents 10,465,911$ 11,313,557$ Restricted Cash and Cash Equivalents 12,357,894 10,960,683 Total Cash and Cash Equivalents 22,823,805$ 22,274,240$ (Continued) EAST VALLEY WATER DISTRICT Statement of Cash Flows - Continued Year Ended June 30, 2023 The accompanying notes are an integral part of this statement. 36 For Comparative Purposes Only 2023 2022 R econciliation of Operating Income to Net Cash Provided by Operating Activities Operating Income 1,294,874$ 2,515,274$ Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation 6,264,377 6,378,590 Miscellaneous Income/(Expense)49,404 126,699 CIP Projects Expensed 18,656 714,343 Change in Assets and Liabilities: (Increase) Decrease in Accounts Receivable 1,412,339 (938,233) (Increase) Decrease in Inventory (30,281) (440,925) (Increase) Decrease in Prepaids 13,697 116,907 (Increase) in Deferred Outflows of Resources - Pensions (3,682,347) 851,405 Increase (Decrease) in Accounts Payable 3,274,023 (2,053,069) Increase (Decrease) in Accrued Salaries and Benefits 52,612 88,171 Increase (Decrease) in Compensated Absences 140,139 81,086 Increase (Decrease) in Net Pension Liability 7,197,447 (5,655,605) Increase in Net OPEB Liability 124,485 (179,102) Decrease in Deferred Inflows of Resources (4,477,032) 6,072,725 Increase (Decrease) in Customer Deposits (231,483) (1,312,853) Increase (Decrease) in Developer Deposits 13,917 228,158 Total Cash Provided by Operating Activities 11,434,827$ 6,593,571$ NON-CA SH INVESTING, CA PITA L, A ND NON-CA PITA L FINANCING ACTIVITIES: Fair Value Adjustments to Investments 300,746$ 300,746$ Receivable Offset by Debt 13,349,674$ -$ 1,953,751$ 2,079,355$ Capital Assets Acquired by Assuming Liabilities, Including Retainage Payable EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 37 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A) Reporting Entity The East Valley Water District is a special district that was formed in 1954, as a result of an election by local residents who desired water service by a public water agency. Later, as the population increased, a modern wastewater system was needed to replace the septic tanks used at the time. Citizens voted to give the District responsibility for that service. The District encompasses an area of approximately 30.1 square miles and provides water and wastewater service to the City of Highland, parts of the City of San Bernardino, and unincorporated parts of the County of San Bernardino, California. The East Valley Water District Financing Authority (Authority), and the North Fork Water Company (Company) are component units of the East Valley Water District. A component unit is an entity which is financially accountable to the primary government, either because the primary government appoints a voting majority of the component unit's Board, or because the component unit will provide a financial benefit or impose a financial burden on the primary government. The Authority, and Company are blended component units. Only North Fork Water Company prepares separate financial statements. The Authority was created in August 2010 by a joint exercise of powers agreement for the purpose of financing public capital improvements. It is governed by a Board of Directors comprised of the District's Board of Directors. The Authority issued debt in October 2010 which is secured solely from installment payments under an installment purchase agreement entered into by the District and the Authority. The Company was established in February 1885 to deliver water, taken from the Santa Ana River to its property owner /shareholders. The Company is governed by a Board of Directors comprised of, and elected by, Company shareholders. The District has purchased shares of Company stock as they become available to secure rights to the Santa Ana River water and have it delivered to the District's surface water treatment plant. At June 30, 2022, the District owned 7,146.99 of 7,156 outstanding Company shares. Due to the number of Company shares owned, the District is able to appoint a majority of the Company’s Governing Board and is therefore financially accountable for the Company. In addition, management and staff of the District have complete responsibility for the operations of the Company. As a result, the Company's financial statements have been included in the accompanying financial statements as a blended component unit. Copies of the Company's financial statements may be obtained from the District’s Finance Department at 31111 Greenspot Road, Highland, California 92346. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 38 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued The following condensed combining schedule shows how the District, and its component units are blended in the accompanying financial statements: Table 1-1 District NFWC Eliminations Total Statement of Net Position Current Assets 45,429,065$ 12,205$ -$ 45,441,270$ Capital Assets 321,611,270 158,603 (2,066,231) 319,703,642 Other Assets 9,959,296 2,662,076 - 12,621,372 Deferred Outflows 7,356,044 - 7,356,044 Total Assets & Deferred Outflows 384,355,675 2,832,884 (2,066,231) 385,122,328 Current Liabilities 26,396,607 5,567 - 26,402,174 Long-Term Liabilities 207,873,902 - - 207,873,902 Deferred Inflows 3,055,369 - - 3,055,369 Total Liabilities & Deferred Inflows 237,325,878 5,567 - 237,331,445 Net Investment in Capital Assets 112,226,565 2,749,622 (2,066,231) 112,909,956 Restricted Net Position 10,683,982 77,695 - 10,761,677 Unrestricted Net Position 24,119,250 - 24,119,250 Total Net Position 147,029,797$ 2,827,317$ (2,066,231)$ 147,790,883$ Statement of Changes in Net Position Sales and Services 42,596,541$ -$ -$ 42,596,541$ Other Operating Revenue 1,213,471 - 1,213,471 Operating Expenses 36,138,327 112,432 - 36,250,759 Depreciation 6,208,540 55,837 - 6,264,377 Operating Income 1,463,145 (168,269) - 1,294,876 Net Non-Operating Revenue (Expenses)(596,426) 71,560 - (524,866) Capital Contributions 1,922,052 - - 1,922,052 Special Items - - - - Change in Net Position 2,788,771 (96,709) - 2,692,062 Beginning Net Position 144,241,026 2,924,026 (2,066,231) 145,098,821 Ending Net Position 147,029,797$ 2,827,317$ (2,066,231)$ 147,790,883$ Net Cash from Operating Activities 11,581,310$ (146,483)$ -$ 11,434,827$ Net Cash from Capital and Related Financing Activities (10,340,403) 71,560 - (10,268,843) Net Cash from Investing Activities (616,420) - (616,420) Beginning Cash and Equivalents 22,042,173 232,068 - 22,274,241 Ending Cash & Equivalents 22,666,660$ 157,145$ -$ 22,823,805$ EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 39 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued B) Measurement Focus, Basis of Accounting and Financial Statement Presentation The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources or economic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements. The District uses the economic resources measurement focus and the accrual basis of accounting. Accordingly, revenues are recognized when they are earned, and expenses are recorded when the liability is incurred. C) Comparative Data Prior year data has been included where practical for comparison purposes only. The prior year data does not represent a complete presentation in accordance with accounting principles generally accepted in the United States of America. D) Inventory Valuation Inventories are valued at cost using the average-cost method. E) Capitalization and Depreciation Capital assets purchased or constructed by the District are recorded at cost. Donated capital assets are recorded at acquisition value as of the date received. The District has a capitalization threshold of $5,000. Depreciation is computed using the straight-line method over the estimated useful lives of the various assets. Water canals, water, and wastewater lines are depreciated over 25 to 50 years; office equipment and vehicles are depreciated over 5 years. Water stock and rights contributed to the District are recorded at the same value the District is currently paying for the purchase of similar stock. F) Restricted Assets Certain assets of the District are restricted in use by ordinance or debt covenant and accordingly are shown as restricted assets on the accompanying statement of net position. Unexpended Bond proceeds are set aside for capital improvements, District deposits into Bond trustee accounts are to be used for debt service, and utility deposits must be returned to the customers at their request after their account has been paid timely for 12 consecutive months, or when their account is closed. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 40 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued G) Cash and Cash Equivalents For the purposes of the statement of cash flows, cash and cash equivalents have been defined as demand deposits and highly liquid investments purchased with an original maturity of 3 months or less. The District invests funds with the Local Agency Investment Fund (LAIF) and Money Market Mutual Funds. Due to the high liquidity of these investments, these funds are classified as cash equivalents. H) Investments The District has adopted the provisions of GASB Statement No. 72, Fair Value Measurement and Application. The objective of this Statement is to enhance comparability of financial statements among governments by measurement of certain assets and liabilities at their fair value using a consistent and more detailed definition of fair value and accepted valuation techniques. The definition of fair value is the price that would be received to sell and asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This Statement establishes a hierarchy of inputs to valuation techniques used to measure fair value. I) Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position includes a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to future periods and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District has three items which qualify for reporting in this category: Deferred Outflows Charge on Refunding, Deferred Outflows Related to Pensions, and Deferred Outflows Related to OPEB. In addition to liabilities, the statement of financial position includes a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District has three items which qualify for reporting in this category: Deferred Inflows related to Pensions, Deferred Inflows related to OPEB, and Deferred Inflows related to Bond Refinancing. J) Compensated Absences The District has a policy whereby an employee can accumulate unused sick leave and vacation. Sick leave is to be used for extended periods of sickness; however, upon termination or retirement, a portion will be paid as additional benefits to the employee. At retirement or termination, employees who have accumulated over ten years of service will be paid between 50 to 70% of their unused sick leave (based upon their balance of unused sick leave) at their regular payroll rates in effect at the date of termination. Also, employees can cash out up to 300 hours of unused sick time, per calendar year, provided that a minimum of 160 hours is retained after said cash-out. The District has provided for these future costs by accruing a range of the earned and unused sick leave and 100% of the earned and unused vacation. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 41 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued K) Classification of Revenue As an enterprise (proprietary) fund, the District classifies its revenues into three classifications: operating revenue, non-operating revenue, and contributions. Operating revenues are defined as revenues realized by the District in exchange for providing its primary services of water distribution and wastewater collection to its customers. Non-operating revenues are those derived from the investment of cash reserves and from the disposal of excess property, and include those resources received from entities other than customers, such as governmental agencies and developers, for purposes not related to capital improvement. Donated plant and cash received for capital improvement without the requirement that the District give resources in exchange are recorded as contributions. L) Use of Restricted Resources The District uses restricted resources, prior to using unrestricted resources, to pay expenses meeting the criteria imposed on the use of restricted resources by a third party. M) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. N) Pension For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Plan and additions to/deductions from the Plan’s fiduciary net position have been determined on the same basis. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. GASB 68 requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used. Valuation Date June 30, 2021 Measurement Date June 30, 2022 Measurement Period July 1, 2021 to June 30, 2022 O) Postemployment Benefits Other Than Pensions (OPEB) For purposes of measuring the District’s OPEB liability related to the California Employer’s Retirement Benefits Trust (CERBT), deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the CERBT and additions to/deductions EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 42 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued from the CERBT fiduciary net position have been determined on the same basis as they are reported by the CERBT. For this purpose, the CERBT recognizes benefit payments when due and payable in accordance with the benefit terms. Investments are reported at fair value, except for money market investments and participating interest earning investment contracts that have a maturity at the time of purchase of one year or less, which are reported at cost. P) Future Accounting Pronouncements The applicable GASB Statements listed below will be implemented in future financial statements: Table 1-2 GASB Statement Description Effective Date Statement No. 99 Omnibus 2022 Objectives of this Statement are to enhance comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing (1) practice issues that have been identified during implementation and application of certain GASB Statements and (2) accounting and financial reporting for financial guarantees. The statement is effective for reporting periods beginning after June 15, 2023. Statement No. 100 (an amendment of GASB Statement No. 62) Accounting Changes and Error Corrections Prescribes the accounting and financial reporting for (1) each type of accounting change and (2) error corrections. This Statement requires disclosure in notes to financial statements of descriptive information about accounting changes and error corrections. The statement is effective for fiscal years beginning after June 15, 2023. Statement No. 101 Compensated Absences Updates the recognition and measurement guidance for compensated absences by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. The statement is effective for fiscal years beginning after December 15, 2023. Cash and Investments as of June 30, 2023 are classified in the accompanying financial statements as follows: Table 2-1 Cash and Cash Equivalents 10,465,911$ Restricted Cash and Cash Equivalents 12,357,894 Investments 5,329,245 Total 28,153,050$ EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 43 2) CASH AND INVESTMENTS Cash and investments as of June 30, 2023 consist of the following: Table 2-2 Cash on Hand 9,000$ Deposits with Financial Institutions 8,781,290 Money Market Accounts with Financial Institutions 311,360 Investments with Local Agency Investment Fund 13,722,155 Investment in Debt Securities 5,329,245 Total 28,153,050$ Investments Authorized by the California Government Code and the District’s Investment Policy The table below identifies the investment types that are authorized by the District's investment policy and in accordance with Section 52601 of the California Government Code. The table also identifies certain provisions of the District's investment policy that address interest rate risk and concentration of credit risk. Table 2-3 Authorized Investment Type Maximum Maturity Authorized Limit Required Rating Municipal Securities including EVWD Issues 5 years No ne None U.S. Treasury Bills, Notes, or Bonds 5 years None None State Registered Warrants, Notes, or Bonds 5 years None None Notes and Bonds of other Local California Agencies 5 years None None U.S. Agencies 5 years None None Placement Service Deposits 5 years 30%None Money Market Mutual Funds and Mutual Funds 5 years 15%2 - AAA Collateralized Bank Deposits 5 years None None Commercial Papers 270 days 5%A Medium Term Notes 5 years 30%AA Local Government Investment Pools N/A 25%AA Local Agency Investment Fund (LAIF)N/A None None At June 30, 2023, the District had no investments in repurchase agreements and did not utilize this investment media during the reporting year. As a matter of investment policy, the District does not borrow funds with reverse repurchase agreements. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 44 2) CASH AND INVESTMENTS - Continued Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the District minimizes its exposure to this type of risk is by investing in investments with laddered maturity dates. As of June 30, 2023, the District had the following investments and maturities: Table 2-4 Investment Type Fair Value Average Maturity Freddie Mac 91,310$ 2.14 years Federal Home Loan Bank 2,983,235 1.74 years Federal Farm Credit Bank 180,696 3.40 years US Treasury 1,783,067 1.73 years Tenn Valley Authority 290,937 1.21 years LAIF 13,722,155 N/A Money Market Mutual Funds 311,360 N/A 19,362,760$ Disclosures Relating to Credit Risk Generally, credit risk is the risk that the issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code or the District’s investment policy, and the actual rating as of year-end for each investment type. Table 2-5 Investment Type Fair Value Minimum Legal Rating Exempt From Disclosure Rating at Year End AAA Not Rated Freddie Mac 91,310$ N/A -$ 91,310$ -$ Federal Home Loan Bank 2,983,235 N/A - 2,983,235 - Federal Farm Credit Bank 180,696 - 180,696 - US Treasury 1,783,067 N/A 1,783,067 - - Tenn Valley Authority 290,937 N/A - 290,937 - LAIF 13,722,155 N/A - - 13,722,155 Money Market Mutual Funds 311,360 N/A - 311,360 - 19,362,760$ 1,783,067$ 3,857,538$ 13,722,155$ EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 45 2) CASH AND INVESTMENTS - Continued Fair Value Measurements The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. These principles recognize a three-tiered fair value hierarchy, as follows: • Level 1: Investments reflect prices quoted in active markets; • Level 2: Investments reflect prices that are based on a similar observable asset either directly or indirectly, which may include inputs in markets that are not considered to be active; and • Level 3: Investments reflect prices based upon unobservable sources. Valuation Technique: Level 2 Investments use the Market Approach which uses prices generated for identical or similar assets or liabilities. The District has the following recurring fair value measurements as of June 30, 2023: Table 2-6 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Investments by Fair Value Level (Level 1) (Level 2) (Level 3)Total Debt Securities Freddie Mac 91,310$ -$ -$ 91,310$ Federal Home Loan Bank 2,983,235 - - 2,983,235 Federal Farm Credit Bank 180,696 - - 180,696 US Treasury 1,783,067 - - 1,783,067 Tenn Valley Authority 290,937 - - 290,937 Total Investments Measured at Fair Value 5,329,245$ -$ -$ 5,329,245$ Investments Measured at Amortized Cost LAIF 13,722,155 Money Market Mutual Funds 311,360 Total Investments 19,362,760$ Fair Value Measurements Using Disclosure Related to Concentration of Credit Risk The District's policy places no limits on amounts invested in any given issuer beyond that stipulated by the California Government Code. At June 30, 2023, there were no investments (other than external pools, U.S. Government Securities and Money Market Mutual Funds) that exceeded 5% of the District's total investments. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 46 2) CASH AND INVESTMENTS - Continued Custodial Credit Risk Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code requires California banks and savings and loan associations to secure deposits by pledging government securities as collateral. Such collateralization of public funds is accomplished by pooling. As such, collateralized securities are held by the pledging financial institution's agent on behalf of the District. The fair value of the pledged securities must equal at least 110% of Districts deposits. California law also allows financial institutions to secure deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. The District may waive collateral requirements for deposits which are fully insured by Federal depository insurance. As of June 30, 2023, the District had $7,931,933 deposited with financial institutions that were in excess of federal depository insurance limits. The federal deposit insurance limit is $250,000. Investment in State Investment Pool The management of the State of California Pooled Money Investment Account (generally referred to as LAIF) has reported to its participating agencies that, as of June 30, 2023, the carrying amount (at amortized cost) of the pool was $179,160,181,982 and the estimated fair value of the pool was $176,442,053,163. The District's proportionate share of the fair value (as determined by LAIF) as of June 30, 2022, was $13,722,155. Included in LAIF's investment portfolio are collateralized mortgage obligations, mortgage-backed securities, other asset- backed securities, loans to certain State funds, and floating rate securities issued by federal agencies, government- sponsored enterprises, and corporations. Currently LAIF does not have an investment rating. LAIF has a minimum $5,000 transaction amount in increments of $1,000 with a maximum of 15 transactions (combination of deposits and withdrawals) per month. LAIF requires a one-day prior notice for deposits and withdrawals of $10 million or more. 3) RESTRICTED CASH AND CASH EQUIVALENTS Restricted cash and cash equivalents at June 30, 2023 are restricted as follows: Table 3-1 Held for Debt Service 279,428$ Capacity Fees from Developers 10,408,760 Customer Deposits 1,403,059 Construction Advances 109,500 North Fork Water Company 157,147 Total 12,357,894$ EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 47 4) CAPITAL ASSETS A summary of changes in capital assets for the year ended June 30, 2023 is as follows: Table 4-1 Beginning of End of Year Additions Deletions Adjustments Year Water Fund Non-Depreciable Assets Land and Easements 3,148,311$ 503,385$ -$ -$ 3,651,696$ Water Rights 732,835 - - - 732,835 Construction in Progress 13,134,060 5,734,649 (2,546,191) - 16,322,518 Total Non-Depreciable Assets 17,015,206 6,238,034 (2,546,191) - 20,707,049 Depreciable Assets Source of Supply 19,485,560 328,669 - - 19,814,229 Pumping Plant 15,186,844 93,653 (34,716) - 15,245,781 Treatment Plant 29,227,351 121,422 - - 29,348,773 Transmission and Distribution Plant 100,916,558 1,282,439 - - 102,198,997 General Plant 21,207,565 1,504,970 (150,627) - 22,561,908 Total Depreciable Assets 186,023,878 3,331,153 (185,343) - 189,169,688 Accumulated Depreciation Source of Supply (9,105,956) (664,715) - - (9,770,671) Pumping Plant (8,041,575) (487,631) 34,716 - (8,494,490) Treatment Plant (13,835,822) (649,948) - - (14,485,770) Transmission and Distribution Plant (45,246,131) (2,520,713) - - (47,766,844) General Plant (8,745,386) (1,102,449) 150,627 - (9,697,208) Total Accumulated Depreciation (84,974,870) (5,425,456) 185,343 - (90,214,983) Water Fund Capital Assets, Net 118,064,214 4,143,731 (2,546,191) - 119,661,754 Wastewater Fund Non-Depreciable Assets Land and Easements 2,698,706 - - - 2,698,706 Construction in Progress 13,954,185 859,076 - - 14,813,261 Total Non-Depreciable Assets 16,652,891 859,076 - - 17,511,967 Depreciable Assets Wastewater Collection Plant 27,841,682 36,452 (5,220) - 27,872,914 General Plant 9,948,793 164,824 (159,871) - 9,953,746 Total Depreciable Assets 37,790,475 201,276 (165,091) - 37,826,660 Accumulated Depreciation Wastewater Collection Plant (15,973,236) (460,352) 5,220 - (16,428,368) General Plant (4,172,587) (378,569) 149,912 - (4,401,244) Total Accumulated Depreciation (20,145,823) (838,921) 155,132 - (20,829,612) Wastewater Fund Capital Assets, Net 34,297,543 221,431 (9,959) - 34,509,015 Water Reclamation Fund Construction in Progress 156,909,249 8,623,624 - - 165,532,873 Total Non-Depreciable Assets 156,909,249 8,623,624 - - 165,532,873 Water Reclamation Fund Capital Assets 156,909,249 8,623,624 - - 165,532,873 Total Capital Assets, Net 309,271,006$ 12,988,786$ (2,556,150)$ -$ 319,703,642$ EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 48 5) LONG-TERM DEBT The schedule below summarizes changes in long-term debt during the year ended June 30, 2023: Table 5-1 Beginning Balance (June 30, 2022) Additions Retirements / Payments Ending Balance (June 30, 2023) Current Portion Long-Term Portion Direct Placement: 2020A Refunding Bonds 15,990,000$ -$ (940,000)$ 15,050,000$ 990,000$ 14,060,000$ 2020A Unamortized Premium 2,958,904 17,555 (163,094) 2,813,365 163,101 2,650,264 2020B Refunding Bonds 13,340,000 - (280,000) 13,060,000 280,000 12,780,000 Subtotal Direct Placement 32,288,904 17,555 (1,383,094) 30,923,365 1,433,101 29,490,264 Direct Borrowing: U.S. Bank Lease Purchase 878,870$ -$ (434,495)$ 444,375 444,375$ -$ SBVMWD Loan 1,704,019 - (429,019) 1,275,000 425,000 850,000 DWR Contracts: AVAD Construction 57,478 - (6,762) 50,716 6,762 43,954 Plant 134 Construction 5,368,172 - (233,399) 5,134,773 233,398 4,901,375 EFAD Construction 273,339 - (13,016) 260,323 13,018 247,305 SNRC 139,669,059 16,054,859 - 155,723,918 - 155,723,918 Subtotal Direct Borrowing 147,950,937 16,054,859 (1,116,691) 162,889,105 1,122,553 161,766,552 Total 180,239,841$ 16,072,414$ (2,499,785)$ 193,812,470$ 2,555,654$ 191,256,816$ 2020 Revenue Bonds Series 2020A - On September 10, 2020, the District issued $16,885,000 of East Valley Water District Refunding Revenue Bonds, Series 2020A (2020A Bonds), to accomplish a current refunding of then outstanding 2010 Revenue Bonds ($21,635,000). The 2020A Bonds carry interest rates ranging from 3.00% to 5.00% and will be repaid in various principal increments with the final payment due on October 1, 2040. The refunded 2010 Bonds carried interest rates ranging from 4.00% to 5.00% and were due in various principal increments until October 1, 2040. The 2020A bonds were issued at a premium of $3,261,890, and after paying issuance costs of $161,885, net proceeds were $19,985,005. The net proceeds, combined with a $2,129,931 sinking fund for 2010 bond debt service, were sufficient to accomplish the refunding of the existing debt. All refunded debt has been retired. The refunding resulted in a difference between the reacquisition price and the carrying amount of the old debt of $259,548. This difference is included in the accompanying financial statements as a Deferred Outflows of Resources and is being charged to operations through the year 2040 using the straight-line method of amortization. The District completed the refunding to decrease total debt service over the next 20 years by $6,052,794, and to obtain an economic gain (difference between the present values of the old and new debt service payment) of $4,765,023. Series 2020B - Also on September 10, 2020, the District issued $13,615,000 of East Valley Water District Refunding Revenue Bonds, Series 2020B (2020B Bonds), to accomplish an advance refunding of then outstanding 2013 Revenue Bonds ($12,085,000). The 2020B Refunding Bonds carry interest rates from 0.42 % to 2.93 % (federally taxable) and will be repaid in various principal increments with the final payment due EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 49 5) LONG-TERM DEBT - Continued on October 1, 2043. The refunded 2013 Bonds carried interest rates ranging from 4.00% to 5.00% and were due in various principal increments until October 1, 2043. The 2020B bonds were issued at face value, and after paying issuance costs of $123,500, net proceeds were $13,491,500. The net proceeds, combined with a $292,563 sinking fund held for 2013 bond debt service, were used to purchase US Government securities which were deposited in an irrevocable trust with an escrow agent to provide debt service on the 2013 Bonds until October 1, 2023 on which date all outstanding bonds will be redeemed. The advance refunding met the requirements of an in-substance defeasance therefore; accordingly, the 2013 Revenue Bonds are no longer reflected as a liability on the accompanying financial statements. The refunding resulted in a difference between the reacquisition price and the carrying amount of the old debt of $259,548. This difference is included in the accompanying financial statements as a Deferred Outflows of Resources and is being charged to operations through the year 2043 using the straight-line method of amortization. The District completed the refunding to decrease total debt service over the next 23 years by $3,014,190, and to obtain an economic gain (difference between the present values of the old and new debt service payment) of $2,154,117. US Bank Lease Purchase On November 13, 2013 the District entered into a Lease Purchase Agreement with US Bancorp Government Leasing and Finance, Inc. (US Bank), to implement Energy Conservation Measures (ECM) identified in a comprehensive energy conservation and operational efficiency study prepared by Honeywell International, Inc. (Honeywell). Honeywell has been contracted to install the facilities necessary to achieve the energy savings identified in their study, and has guaranteed that the savings will be sufficient to pay the debt service on the lease with US Bank. Project costs paid to Honeywell, and the amount borrowed from US Bank under the lease agreement is $3,998,560 with an interest rate of 2.38%. Semi-annual payments are $226,398, to commence in September 2014 through March 2024. The indenture authorizes, upon default, the Trustee to declare immediate due and payable the total unpaid principal of the Bonds and accrued interest thereon. San Bernardino Valley Municipal Water District - City Creek Turnout and Plant 134 Hydroelectric Station Loan On January 20, 2015, the District entered into an agreement with the SBVMWD for the construction, financing, and maintenance of a turnout by which the District’s surface water treatment plant can receive State Project water. The total amount borrowed for construction of the project is $4,367,927 bearing interest at the State of California Local Agency Investment Fund (LAIF) apportionment rate, which is 0.75% at June 30, 2022. Debt service payments are to be made annually on February 1st over ten years. Department of Water Resources Contract 00C412 - Arroyo Verde Assessment District (AVAD) On June 30, 2004, the District entered into a Funding Agreement for replacement of distribution pipelines in the section of the District's service area formerly served by the Arroyo Verde Water Company. The original loan amount was $169,052 with an annual interest rate of 0%. Semi-annual payments of $3,381 are due through EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 50 5) LONG-TERM DEBT - Continued January 2031 and are secured by annual assessments to property owners within the Arroyo Verde Assessment District. The indenture authorizes, upon default, the Trustee to declare immediate due and payable the total unpaid principal of the Bonds and accrued interest thereon. Department of Water Resources Contract 10CX110 - Plant 134 On December 21, 2010, the District entered into a Funding Agreement to upgrade treatment methods utilized by the District's surface water treatment plant (Plant 134). The amount borrowed under the agreement is $7,001,964 with an annual interest rate of 0%. Semi-annual payments of $116,699 are due through January 2045, and are secured by a pledge of net revenues of the District's water operating fund. The indenture authorizes, upon default, the State to declare immediate due and payable the total unpaid principal of the debt and accrued interest thereon. Department of Water Resources Contract 11CX101 - Eastwood Farms Assessment District (EFAD) On June 15, 2011 the District entered into a Funding Agreement for replacement of distribution pipelines in the section of the District's service area formerly serviced by the Eastwood Farms Water Users Association. The amount of the loan is $390,482 with an annual interest rate of 0%. Semi-annual payments of $6,508 are due for 30 years through January 2043. Repayment of the loan is secured by annual assessments to property owners within the Eastwood Farms Assessment District. The indenture authorizes, upon default, the Trustee to declare immediate due and payable the total unpaid principal of the Bonds and accrued interest thereon. The aggregate debt service requirements to maturity for long-term debt as of June 30, 2023 are as follows (excludes unamortized premiums/discounts and the California State Water Resource Control Board Contract C- 06-8106-110): Table 5-2 Year Ending June 30,Principal Interest Total 2024 2,392,553$ 983,949$ 3,376,502$ 2025 1,983,177 909,493 2,881,365 2026 1,628,177 854,464 2,479,114 2027 1,243,177 808,729 2,051,906 2028 1,278,177 772,613 2,050,790 2029-2033 6,977,425 3,238,672 10,216,097 2034-2038 8,063,757 2,131,896 10,195,653 2039-2043 9,243,758 940,192 10,183,950 2044-2045 2,464,986 29,227 2,494,213 35,275,187$ 10,669,235$ 45,929,590$ EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 51 5) LONG-TERM DEBT - Continued California State Water Resources Control Board Contract C-06-8106-110 – Sterling Natural Resource Center On June 26, 2018 the District entered into a Funding Agreement for the construction of a 6 million gallon per day (mgd) water recycling plant with the State Water Resources Control Board. The initial agreement approves $11.5 million for design cost reimbursement, with a revised agreement covering design and construction costs totaling $157 million executed on December 2, 2019. The revised Agreement includes a $6.7 million grant and a low interest (1.8%) loan for the balance of $150.3 million. As of June 30, 2023 the District has incurred $138.6 million in design and construction cost, the District has drawn approximately $126.4 million, $10.3 million is awaiting reimbursement (Due From Other Governments) of the $150.3 million in loan financing available. Repayment on the loan will begin one year after the completion of construction and annual installment payments of principal and interest are projected to be approximately $7.3 million. The District has pledged available water and wastewater revenue for the repayment of the loan, including the following new revenue streams: • Wastewater treatment charges (previously paid to the City of San Bernardino); • Sale of electrical energy produced by plant digesters (beyond energy used on site); • Local Resource Investment Program fees for recycled water delivered for groundwater recharge; and • Tipping fees from waste haulers. Estimated debt service on this loan is not included in Table 5-2 above. Security for debt is as follows: Table 5-3 Debt Security 2020A and 2020B Refunding Revenue Bonds and Department of Water Resources Construction Loans The District is required to maintain net revenues, as defined by the revenue bond trust agreements and State of California Department of Public Health Funding agreements of at least 120% of District's annual debt service (principal and interest). At June 30, 2023, net water revenues represented 240% of the annual water debt service and net wastewater revenues represented 639% of the annual wastewater debt service. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 52 6) COMPENSATED ABSENCES Compensated absences are comprised of unused vacation leave and a limited amount of sick leave which is accrued as earned in accordance with District policy. The District's liability for compensated absences is determined annually. Current portions are determined based on estimates of usage, amounts in excess of 196 hours that will be voluntarily cashed out and amounts that will be cashed out upon termination of employment. Table 6-1 Beginning of Year Additions Usage / Payments End of Year Current Portion Long-Term Portion Accrued Vacation Leave 630,133$ 658,926$ (586,516)$ 702,543$ 385,383$ 317,160$ Accrued Sick Leave 657,496 432,627 (364,899) 725,224 266,794 458,430 Total 1,287,629$ 1,091,553$ (951,415)$ 1,427,767$ 652,177$ 775,590$ 7) NET INVESTMENT IN CAPITAL ASSETS Net Investment in capital assets at June 30, 2023 consisted of the following: Table 7-1 Non-Depreciable Capital Assets 203,751,889$ Depreciable Capital Assets 226,996,348 Accumulated Depreciation (111,044,595) North Fork Water Company 651,683 Loans Payable (176,247,855) Bonds Payable (30,923,365) Deferred Inflows - Debt Refunding (1,128,796) Deferred Ouflows - Debt Refunding 854,647 Total 112,909,956$ 8) DEFINED BENEFIT PENSION PLAN (PERS) A) General Information about the Pension Plans Plan Description All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost- Sharing Multiple-Employer Defined Benefit Pension Plan (Plan or PERF C) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual employer miscellaneous and safety rate plans, respectively. Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under generally accepted accounting principles. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools. The District participates in 2 rate plans (two miscellaneous). Benefit provisions under the Plan are established by State statute and District’s resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website, at www.calpers.ca.gov. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 53 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued Benefits Provided CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2 W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law. The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL), the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations, procedures and policies adopted by the CalPERS Board of Administration. The Plan’s authority to establish and amend the benefit terms are set by the PERL and PEPRA, and may be amended by the California state legislature and in some cases require approval by the CalPERS Board. The Plans’ provisions and benefits in effect at June 30, 2023, are summarized as follows: Table 8-1 Prior to On or after Hire Date January 1, 2013 January 1, 2013 Benefit Formula 2.7% @55 2.0% @62 Benefit Vesting Schedule 5 years service 5 years service Benefit Payments monthly for life monthly for life Retirement Age 50 - 55 52 - 67 Monthly Benefits, as a % of Eligible Compensation 2.0% to 2.7% 1.0% to 2.5% Required Employee Contribution Rates 8.0%7.0% Required Employer Contribution Rates 13.66%7.56% Miscellaneous Contributions Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The District is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 54 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued For the year ended June 30, 2023, the contributions recognized as part of pension expense for the Plans were as follows: Table 8-2 Miscellaneous Contributions - Employer $ 964,748 B) Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions As of June 30, 2023, the District reported net pension liabilities for its proportionate shares of the net pension liability of the Plans as follows: Table 8-3 Proportionate Share of Net Pension Liability Miscellaneous $ 13,855,136 The District’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2022, using an annual actuarial valuation as of June 30, 2021 rolled forward to June 30, 2022 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is as follows: Table 8-4 Proportion - June 30, 2022 0.35063% Proportion - June 30, 2023 0.29610% Change - Increase (Decrease)-0.05453% Miscellaneous Amortization of Deferred Outflows and Deferred Inflows of Resources Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time. The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 55 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued The amortization period differs depending on the source of the gain or loss: Net difference between projected and actual earnings on pension plan investments 5-year straight-line amortization All other amounts Straight-line amortization over the expected average remaining service lives (EARSL) of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period The expected average remaining service lifetime (EARSL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired) in the Public Agency Cost-Sharing Multiple-Employer Plan (PERF C). The EARSL for PERF C for the measurement period ending June 30, 2022 is 3.7 years, which was obtained by dividing the total service years of 574,665 (the sum of remaining service lifetimes of the active employees) by 153,587 (the total number of participants: active, inactive, and retired) in PERF C. Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members' probability of decrementing due to an event other than receiving a cash refund. For the year ended June 30, 2023, the District recognized pension expense of $173,810. At June 30, 2023, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Table 8-5 Deferred Outflows of Resources Deferred Inflows of R esources Difference between expected and actual experience $ 278,238 186,352$ Changes in Assumptions 1,419,748 - Net differences between projected and actual earnings on plan investments 2,537,893 - Change in employer's proportion - 595,037 Difference between the employer's contributions and the employer's proportionate s hare of contributions 116,444 819,112 Pension contributions subsequent to measurement date 964,748 - Total $ 5,317,071 $ 1,600,501 EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 56 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued $964,748 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows: Table 8-6 Year Ended June 30,Amount 2024 $ 573,249 2025 436,296 2026 190,015 2027 1,552,262 $ 2,751,822 Actuarial Methods and Assumptions Used to Determine Total Pension Liability The collective total pension liability for the June 30, 2022 measurement period was determined by an actuarial valuation as of June 30, 2021, with updated procedures used to roll forward the total pension liability to June 30, 2022. The collective total pension liability was based on the following assumptions: Table 8-7 Miscellaneous Valuation Date June 30, 2021 Measurement Date June 30, 2022 Entry Age Normal in accordance with the requirements of GASB Market Value of Assets 6.90% 2.30% Varies by Entry Age and Service Derived using CalPERS' membership data for all Funds The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter (1)The mortality table used was developed based on CalPERS’ specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website. Mortality Rate Table (1) Post Retirement Benefit Increase Actuarial Cost Method Asset Valuation Method Actuarial Assumptions: Discount Rate Inflation Salary Increases EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 57 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued Change of Assumptions Effective with the June 30, 2021, valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long-term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Discount Rate The discount rate used to measure the total pension liability for PERF C was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Subsequent Events On July 12, 2021, Cal PERS reported a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the thresholds specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of 0.20%, from 7.00% to 6.80%. Since CalPERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the board elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021. On November 17, 2021, the board adopted a new strategic asset allocation. The new asset allocation along with the new capital market assumptions, economic assumptions and administrative expense assumption support a discount rate of 6.90% (net of investment expense but without a reduction for administrative expense) for financial reporting purposes. This includes a reduction in the price inflation assumption from 2.50% to 2.30% as recommended in the November 2021 CalPERS Experience Study and Review of Actuarial Assumptions. This study also recommended modifications to retirement rates, termination rates, mortality rates and rates of salary increases that were adopted by the board. These new assumptions will be reflected in the GASB 68 accounting valuation reports for the June 30, 2022, measurement date. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 58 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued The table below reflects the long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation. These rates of return are net of administrative expenses. Table 8-8 Asset Class Assumed Asset A llocation Real Return (1)(2) Global Equity - cap weighted 30.0%4.54% Global Equity - non-cap-weighted 12.0%3.84% Private Equity 13.0%7.28% Treasury 5.0%0.27% Mortgage-backed securities 5.0%0.50% Investment grade corporates 10.0%1.56% High Yield 5.0%2.27% Emerging market debt 5.0%2.48% Private debt 5.0%3.57% Real Assets 15.0%3.21% Leverage -5.0% -0.59% Total 100.0% C) Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents East Valley Water District’s proportionate share of the net pension liability for the Plan, calculated using the current discount rate, as well as what the District’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is one-percentage point lower or one-percentage point higher than the current rate: Table 8-9 Miscellaneous 1% Decrease 5.90% Net Pension Liability $ 21,373,930 Current Discount Rate 6.90% Net Pension Liability $ 13,855,136 1% Increase 7.90% Net Pension Liability $ 7,669,035 D) Pension Plan Fiduciary Net Position Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 59 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued E) Payable to the Pension Plan At June 30, 2023, the District reported a payable of $0 for the outstanding number of contributions to the pension plan required for the year ended June 30, 2023. 9) COMMITMENTS AND CONTINGENCIES Grant Awards Grant funds received by the District are subject to audit by the grantor agencies. Such audit could lead to requests for reimbursements to the grantor agencies for expenditures disallowed under terms of the grant. Management of the District believes that such disallowances, if any, would not be significant. 10) RISK MANAGEMENT The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omission; injuries to employees; and natural disasters. The District participates in a joint powers agreement (JPA) with the Special District Risk Management Authority (Authority). The Authority is a risk-pooling self-insurance authority created under the provisions of California Government Code Section 6500 et. sec. The Authority is governed by a Board consisting of 7 directors that are either a manager or Board member of a current member agency that were elected by members of SDRMA. The Board controls the operations of the Authority including selection of management and approval of operation budgets. The relationship between the District and the Authority is such that the Authority is not a component unit of the District for financial reporting purposes. Settled claims have been immaterial and claims liabilities have not been reported in these financial statements as of June 30, 2023, or in the previous two fiscal years. The purpose of the Authority is to arrange and administer programs of insurance for the pooling of self-insured losses and to purchase excess insurance coverage. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 60 10) RISK MANAGEMENT - Continued At June 30, 2023, the District's participation in the self-insurance programs of the Authority was as follows: Table 10-1 Description Deductible Personal Injury and Property Damage Liability Coverage - General 10,000,000$ Per occurrence / aggregate where applicable $500 (property damage only) Personal Injury and Property Damage Liability Coverage - Auto 10,000,000$ Per accident None Public Officials and Employees Errors and O missions Liability 10,000,000$ Per wrongful act / annual member aggregate None Employment Practices Liability 10,000,000$ Per wrongful employment practice / aggregate limits per member included with Public Officials and Employee Errors and Omissions Coverage None up to $10,000, 50% co-insurance from $10,000 to $50,000, none for amounts greater than $50,000 Employee Benefits Liability 10,000,000$ Per wrongful act / annual member aggregate None Employee Dishonesty Coverage 1,000,000$ Per loss None Public Officials Personal Liability 500,000$ Per occurrence / annual aggregate per Board Member $ 500 Automobile Physical Damage ACV Limits Replacement cost (stated value adjusted for depreciation on selected vehicles) $250/$500 or $500/$1,000 comprehensive / collision (as elected per vehicle) Uninsured Motorist Bodily Injury Coverage 750,000$ Per accident None Property Coverage 1,000,000,000$ Replacement cost for scheduled property if replaced (if not replaced within two years, actual cash value basis) $ 1,000 Boiler and Machinery 100,000,000$ Replacement cost $ 1,000 Limits EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 61 11) POST-EMPLOYMENT HEALTHCARE BENEFITS The District provides post-employment healthcare benefits for retired employees and eligible surviving spouses in accordance with the plan as established by the District. As of June 30, 2023, the District’s total liability for post-employment healthcare benefits and details of the plan are explained below: Table 11-1 OPEB Plan Net OPEB Liability Deferred Outflows of Resources Deferred Inflows of Resources OPEB Expense Retiree Benefits Plan 1,986,360$ 1,184,326$ 326,072$ 311,790$ Plan Description and Eligibility The District contributes to the retiree health coverage of eligible retirees and eligible surviving spouses. As of June 7, 2011, the District is part of the Public Agency portion of the California Employers’ Retiree Benefit Trust Fund (CERBT), an agent multiple-employer plan administered by California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for participating public employers within the State of California. A menu of benefit provisions as well as other requirements is established by State statute within the Public Employees’ Retirement Law. The District selects optional benefit provisions from the benefit menu by contract with CalPERS and adopts those benefits through District resolution. CalPERS issues an Annual Comprehensive Financial Report (Report). The Report is issued in aggregate and includes the sum of all CalPERS plans. Copies of the CalPERS Report may be obtained from the CalPERS Executive Office, 400 P Street, Sacramento, California 95814. Membership in the health benefit plan consisted of the following at July 1, 2023, the date of the latest actuarial valuation: Table 11-2 Participant Type 27 0 Active employees 65 92 Number of Participants Inactive participants currently receiving benefits Inactive participants entitled to but not yet receiving benefit Total Funding Policy The contribution requirements of plan members and the District are established and may be amended by the Board of Directors. At retirement, the District provides the minimum employer contribution under the CalPERS Health Program for eligible retirees and surviving spouses in receipt of a pension benefit from CalPERS. An employee is eligible for this employer contribution provided they are vested in their CalPERS pension benefit and commence payment of their pension benefit within 120 days of retirement with the District. Vesting requires at least five years of service. The surviving spouse of an eligible retiree who elected spouse coverage under CalPERS is eligible for the employer contribution upon death of the retiree. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 62 11) POST-EMPLOYMENT HEALTHCARE BENEFITS - Continued Employees retiring with at least 10 years of District service will receive an additional District contribution through attainment of Medicare eligibility age. The additional contribution is based on the negotiated dollar amount at retirement (currently $850 per month). The surviving spouse of an eligible retiree is eligible for the District's contribution upon the death of the retiree through the spouse's attainment of Medicare eligibility age. The District’s funding policy is to contribute the Annual Determined Contribution (ADC) to their account within the CERBT. For fiscal year ended June 30, 2022, the District paid $556,222 to the plan including the implicit rate subsidy. The District contributed $348,363 including the implicit rate subsidy for retiree health benefits to the Trust during the fiscal year ended June 30, 2023. Net OPEB Liability The table herein shows the components of the net OPEB liability of the District: Table 11-3 Balance June 30, 2023 Total OPEB Liability $ 3,567,214 Plan Fiduciary Net Position (1,580,854) District's Net OPEB Liability (Asset) $ 5,148,068 Investments As described above, at June 30, 2023, all Plan investments are held in the CERBT through CalPERS. Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB At June 30, 2023, the District reported deferred outlflows of resources and deferred inflows of resources related to pensions from the sources as follows: Table 11-4 Deferred Outflows and Inflows of Resources Deferred Outflows of Resources Deferred Inflows of Resources Contributions subsequent to measurement date 332,001$ -$ Differences between expected and actuarial experience 391,150 155,907 Changes of assumptions 306,132 170,165 Differences between projected and actual earnings on OPEB plan investments 155,043 - Total 1,184,326$ 326,072$ The deferred outflow of resources results from a change of assumptions and is amortized over the expected average remaining service life (EARSL) of the plan participants. Contributions submitted subsequent to the measurement date will be recognized in the following fiscal year. The EARSL for the OPEB plan for EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 63 11) POST-EMPLOYMENT HEALTHCARE BENEFITS - Continued June 30, 2023 is five years. The year of amortization is recognized in OPEB expense for the year the gain or loss occurs. The remaining amount is deferred and will be amortized over the remaining periods not to exceed four years. The deferred inflows of resources related to OPEB resulting from the net differences between projected and actual earnings on planned investments is amortized over a five-year period on a straight-line basis. One-fifth is recognized in pension expense during the measurement period and the remaining amount is deferred and will be amortized over the remaining four-year period. Deferred inflows and outflows will be amortized as follow: Table 11-5 Year Ending June 30, Amortization 2024 $ 81,971 2025 82,665 2026 78,811 2027 105,300 2028 48,426 Thereafter 129,080 $ 526,253 Actuarial Methods and Assumptions The District’s net OPEB liability was measured as of June 30, 2022, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2022. Liabilities in this report were calculated as of the valuation date. The total OPEB liability was determined by an actuarial valuation as of June 30, 2022, using the actuarial assumptions shown herein, applied to all periods included in the measurement, unless otherwise specified. Table 11-6 Actuarial Methods and Assumptions Valuation Date June 30, 2022 Measurement Date June 30, 2022 Inflation 2.50% Salary Increases 2.75% Investment Rate of Return 5.50% Health Care Trend Rate 6.25% HMO / 6.25% PPO Mortality rates were based upon the rates under the CalPERS pensions plan updated to reflect the most recent experience study. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 64 11) POST-EMPLOYMENT HEALTHCARE BENEFITS - Continued The long-term expected rate of return on Plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the OPEB plan’s target asset allocation at June 30, 2022 are shown herein: Table 11-7 Asset Class Global Equity 34%N/A Fixed Income 41%N/A Treasury Inflation - Protected Securities 5%N/A Commodities 3%N/A Real Estate Investment Trusts 17%N/A Total 100% 5.50% Target Allocation L/T Expected Gross ROR The discount rate used to measure the total OPEB liability was 5.5 percent. The discount rate assumes the District continues to fully fund its retiree health benefits through the CERBT under its investment allocation strategy 2. The rate reflects the CERBT published median interest rate for strategy 2 with an additional margin for adverse deviation. Changes in the Net OPEB Liability Table 11-8 Total OPEB Liability (a) Plan Fiduciary Net Position (b) Liability (Asset) (a) - (b) Balances at June 30, 2022 $ 3,276,038 $ 1,414,163 $ 1,861,875 Changes for the year: Service Cost 118,145 - 118,145 Interest 213,973 - 213,973 Differences between expected and actual experience (173,230) - (173,230) Employer Contributions - 556,222 (556,222) Net Investment Income - (181,313) 181,313 Change of assumptions 340,147 - 340,147 Benefit Payments (207,859) (207,859) - Administrative Expenses - (359) 359 Other Expenses - - - Net Changes 291,176 166,691 124,485 Balances at June 30, 2023 $ 3,567,214 $ 1,580,854 $ 1,986,360 Increase (Decrease) EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 65 11) POST-EMPLOYMENT HEALTHCARE BENEFITS - Continued The following presents the District’s net OPEB liability calculated using the discount rate of 5.5 percent, as well as what the net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (4.5 percent) or 1-percentage-point higher (6.5 percent) than the current rate: Table 11-9 Discount Rate Net OPEB Liability (Asset) 2,382,842$ 1,986,360$ 1,646,214$ 1% Decrease (4.50%) Current Discount Rate (5.50%) 1% Increase (6.50%) The following presents the District’s net OPEB liability calculated using the current healthcare cost trend rate of 6.25 percent, as well as what the net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (5.25 percent) or 1-percentage-point higher (7.25 percent) than the current rate: Table 11-10 Healthcare Trend Rate Net OPEB Liability (Asset) 1% Decrease (5.25% HMO/5.25% PPO Decreasing to 3.50% HMO/3.50% PPO)1,450,377$ Current Healthcare Cost Trend Rates (6.25% HMO/6.25% PPO Decreasing to 4.50% HMO/4.50% PPO)1,986,360$ 1% Increase (7.25% HMO/7.25%PPO Decreasing to 5.50% HMO/5.50% PPO)2,403,025$ OPEB Expense For the year ended June 30, 2023, the District recognized OPEB expense of $311,790 and recorded deferred outflows of resources of $1,184,326 for contributions made during fiscal year 2023 after the measurement date. The deferred outflows will be recognized in OPEB expense for the period ending June 30, 2024. The District recorded $326,072 of deferred inflows of resources resulting from the differences between projected and actual earnings on OPEB plan investments for the period ending June 30, 2022. The deferred inflows of resources will be amortized and recognized in OPEB expense over three remaining periods ending June 30, 2026. EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2023 66 12) CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS The District has six significant active construction project commitments as of June 30, 2023. The following contracts are related to the construction of the Recycled Water Facility. Table 12-1 Contractual Commitments Spent to Date Remaining Commitment Valve Truck - Ford Super Duty F-550 Flatbed -$ 247,429$ Drought Contingency Plan Development, Management, and Preparation 63,106$ 325,894$ Water Main Seismic Retrofit 455,288$ 728,712$ Design-Build Services of additional water storage in the District's Canal Pressure Zone 120,440$ 618,788$ Design-Build Services of the Recycled Water Facility 213,343,235$ 5,666,880$ Design-Build Services of the Digester 18,513,544$ 1,715,500$ 67 East Valley Water District Schedule of District’s Proportionate Share of the Net Pension Liability Year Ended June 30, 2023 Last Ten Years* The accompanying notes to required supplementary information are an integral part of this schedule. 69 Schedule of District’s Proportionate Share of the Net Pension Liability The schedule presents information on the District’s proportionate share of the net pension liability, the plans’ fiduciary net position and, when applicable, the proportionate share of the net pension liability associated with the District. In the future, as data becomes available, 10 years of information will be presented. 2023 2022 2021 2020 Proportion of the Net Pension Liability 0.119950% 0.123102% 0.113169% 0.115205% Proportionate Share of the Net Pension Liability $ 13,855,136 $ 6,657,689 $ 12,313,294 $ 11,805,140 Covered Payroll $ 6,536,459 $ 6,188,589 $ 5,888,338 $ 5,658,626 Proportionate Share of the Net Pension Liability as Percentage of Covered Payroll 211.97% 107.58% 209.11% 208.62% Plan's Fiduciary Net Position $ 41,301,132 $ 44,006,462 $ 36,172,219 $ 34,016,773 Plan's Fiduciary Net Position as a Percentage of the Total Pension Liability 74.88% 86.86% 77.71% 77.73% 2019 2018 2017 2016 2015 Proportion of the Net Pension Liability 0.28782%0.11699% 0.11585% 0.11551% 0.10632% Proportionate Share of the Net Pension Liability $ 10,846,955 $ 11,601,798 $ 10,024,712 $ 7,928,173 $ 6,615,935 Covered Payroll $ 5,447,702 $ 4,489,575 $ 5,097,156 $ 4,715,712 $ 4,436,236 Proportionate Share of the Net Pension Liability as Percentage of Covered Payroll 199.11%258.42% 196.67% 168.12% 149.13% Plan's Fiduciary Net Position $ 33,563,265 $ 27,706,747 $ 27,529,345 $ 28,045,198 $ 29,336,566 Plan's Fiduciary Net Position as a Percentage of the Total Pension Liability 77.69%71.37% 74.06% 78.40% 79.82% Note: Fiscal year 2015 was the first year of implementation, therefore only nine years are shown. East Valley Water District Schedule of District’s Contributions Year Ended June 30, 2023 Last Ten Years* The accompanying notes to required supplementary information are an integral part of this schedule. 70 Schedule of District’s Contributions The schedule presents information on the District’s required contribution, the amounts actually contributed, and any excess or deficiency related to the required contribution. In the future, as data becomes available, 10 years of information will be presented. 2023 2022 2021 2020 Contractually Required Contribution (Actuarially Determined)964,748$ 1,019,834$ 1,900,537$ 1,798,495$ Contributions in Relation to the Actuarially Determined Contributions 964,748$ 1,019,834$ 1,900,537$ 1,798,495$ Contribution Deficiency (Excess)-$ -$ -$ -$ Covered Payroll $ 7,289,703 $ 6,536,459 $ 6,188,589 $ 5,888,338 Contributions as a Percentage of Covered Payroll 13.23% 15.60% 30.71% 30.54% 2019 2018 2017 2016 2015 Contractually Required Contribution (Actuarially Determined)1,228,277$ 1,579,268$ 1,035,102$ 895,822$ 742,546$ Contributions in Relation to the Actuarially Determined Contributions 1,228,277$ 1,579,268$ 1,035,102$ 895,822$ 742,546$ Contribution Deficiency (Excess)-$ -$ -$ -$ -$ Covered Payroll $ 5,658,626 $ 5,447,702 $ 4,489,575 $ 5,097,156 $ 4,715,712 Contributions as a Percentage of Covered Payroll 21.71% 28.99% 23.06% 17.57% 15.75% Note: Fiscal year 2015 was the first year of implementation, therefore only nine years are shown. East Valley Water District Schedule of Changes in the Net OPEB Liability Year Ended June 30, 2023 Last Ten Years* The accompanying notes to required supplementary information are an integral part of this schedule. 71 Schedule of Changes in the Net OPEB Liability Accounting standards require presentation of 10 years of information. However, the information in this schedule is not required to be presented retroactively. Years will be added to this schedule as future data becomes available. Total OPEB Liability 2023 Service Cost 118,145$ Interest 213,973 Differences bewteen exptected and actual experience (173,230) Changes of assumptions 340,147 Benefit Payments, including refunds of member contributions (207,859) Net Change in Total OPEB Liability 291,176 Total OPEB Liability - Beginning 3,276,038 Total OPEB Liability - Ending (a)3,567,214$ Plan Fiduciary Net Position 2023 Contributions - Employer 556,222$ Net Investment Income (181,313) Benefit Payments (207,859) Administrative Expense (359) Other Expense - Net Change in Plan Fiduciary Net Position 166,691$ Plan Fiduciary Net Position - Beginning 1,414,163 Plan Fiduciary Net Position - Ending (b)1,580,854$ Net OPEB Liability (Asset) - Ending (a) - (b)1,986,360$ Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability 44.32% Covered Payroll 5,847,005$ Net OPEB Liability (Asset) as a Percentage of Covered- Employee Payroll 33.97% (Continued) Note: Fiscal year 2018 was the first year of implementation, therefore only six years are shown. East Valley Water District Schedule of Changes in the Net OPEB Liability Year Ended June 30, 2023 – Continued Last Ten Years* The accompanying notes to required supplementary information are an integral part of this schedule. 72 Schedule of Changes in the Net OPEB Liability Accounting standards require presentation of 10 years of information. However, the information in this schedule is not required to be presented retroactively. Years will be added to this schedule as future data becomes available. Total OPEB Liability 2022 2021 2020 2019 2018 Service Cost 122,441$ 122,428$ 106,297$ 103,452$ 97,138$ Interest 199,913 189,204 174,233 166,826 160,043 Differences bewteen exptected and actual experience 278,335 75,893 192,265 - - Changes of assumptions (163,361) - (65,796) - - Benefit Payments, including refunds of member contributions (225,321) (220,316) (168,787) (149,550) (168,724) Net Change in Total OPEB Liability 212,007 167,209 238,212 120,728 88,457 Total OPEB Liability - Beginning 3,064,031 2,896,822 2,658,610 2,537,882 2,449,425 Total OPEB Liability - Ending (a)3,276,038$ 3,064,031$ 2,896,822$ 2,658,610$ 2,537,882$ Plan Fiduciary Net Position 2022 2021 2020 2019 2018 Contributions - Employer 412,106$ 405,008$ 278,539$ 149,548$ 218,724$ Net Investment Income 204,887 38,644 48,769 37,365 36,877 Benefit Payments (225,321) (220,316) (168,787) (149,548) (168,724) Administrative Expense - - (330) - (261) Other Expense (563) (427) (240) (683) - Net Change in Plan Fiduciary Net Position 391,109$ 222,909$ 157,951$ 36,682$ 86,616$ Plan Fiduciary Net Position - Beginning 1,023,054 800,145 642,194 605,512 518,896 Plan Fiduciary Net Position - Ending (b)1,414,163$ 1,023,054$ 800,145$ 642,194$ 605,512$ Net OPEB Liability (Asset) - Ending (a) - (b)1,861,875$ 2,040,977$ 2,096,677$ 2,016,416$ 1,932,370$ Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability 43.17% 33.39% 27.62% 24.16% 23.86% Covered Payroll 5,902,604$ 5,744,627$ 5,495,000$ 5,495,000$ 5,220,250$ Net OPEB Liability (Asset) as a Percentage of Covered- Employee Payroll 31.54% 35.53% 38.16% 36.70% 37.02% Note: Fiscal year 2018 was the first year of implementation, therefore only six years are shown. East Valley Water District Schedule of OPEB Healthcare Contributions Year Ended June 30, 2023 Last Ten Years* The accompanying notes to required supplementary information are an integral part of this schedule. 73 Schedule of OPEB Healthcare Contributions Accounting standards require presentation of 10 years of information. However, the information in this schedule is not required to be presented retroactively. Years will be added to this schedule as future data becomes available. OPEB Contributions 2023 Actuarially Determined Contribution (ADC)332,001$ Contributions in Relation to the ADC (556,222) Contribution Deficiency (Excess)(224,221)$ District's Covered Payroll 6,007,798$ Contributions as a Percentage of Covered-Employee Payroll 5.53% OPEB Contributions 2022 2021 2020 2019 2018 Actuarially Determined Contribution (ADC)348,363$ 350,024$ 362,533$ 285,551$ 144,415$ Contributions in Relation to the ADC (412,106) (405,008) (278,539) (149,548) (218,724) Contribution Deficiency (Excess)(63,743)$ (54,984)$ 83,994$ 136,003$ (74,309)$ District's Covered Payroll 5,847,000$ 5,903,000$ 5,745,000$ 5,495,000$ 5,495,000$ Contributions as a Percentage of Covered-Employee Payroll 5.96% 5.93% 6.31% 5.20% 2.63% Note: Fiscal year 2018 was the first year of implementation, therefore only six years are shown. East Valley Water District Notes to the Required Supplementary Information Purpose of Schedules Year Ended June 30, 2023 74 Schedule of District’s Proportionate Share of the Net Pension Liability The schedule presents information on the District’s proportionate share of the net pension liability, the plans’ fiduciary net position and, when applicable, the State’s proportionate share of the net pension liability associated with the District. In the future, as data becomes available, 10 years of information will be presented. Schedule of District’s Contributions The schedule presents information on the District’s required contribution, the amounts actually contributed, and any excess or deficiency related to the required contribution. In the future, as data becomes available, 10 years of information will be presented. Schedule of Changes in Net OPEB Liability The schedule is intended to show the funded status of the District’s actuarially determined liability for postemployment benefits other than pensions. In the future, as data becomes available, 10 years of information will be presented. Schedule of OPEB Healthcare Contributions The schedule presents information on the District’s required contribution, the amounts actually contributed, and any excess or deficiency related to the required contribution. In the future, as data becomes available, 10 years of information will be presented. Pertinent valuation dates and methods and assumptions used to determine the OPEB liability and required contributions are as follows: Measurement Date June 30, 2022 Valuation Date June 30, 2022 Methods and Assumptions Used to Determine Contribution Rates: Actuarial Cost Method Entry Age Normal Amortization Method Level Percentage of Payroll Remaining Amortization Period 12 years Assets Valuation Method 5 Year Inflation 2.50% Salary Increases 2.75% Annually Plus Merit Increases Based on 2017 Experience Study Investement Rate of Return 5.50% 75 76 77 East Valley Water District History and Organization Year Ended June 30, 2023 78 Formation of the District The Board of Supervisors of San Bernardino County approved a petition in writing for the formation of the East Valley Water District (formerly East San Bernardino County Water District) under Division 12 of the Water Code of the State of California and ordered an election held January 12, 1954. The formation of the District was voted for by the electors. The Board of Supervisors of San Bernardino County, by action on January 18, 1954, approved the formation of the District. Incorporation of the "East Valley Water District" was approved by the State of California on February 1, 1954. East Valley Water District Financing Authority The East Valley Water District Financing Authority (Authority) is a public body organized and existing under a Joint Exercise of Powers Agreement, and under the Constitution and laws of the State of California, between East Valley Water District and the California Municipal Finance Authority. The Authority was formed to assist in the financing and refinancing of capital improvement projects of the District for the use, benefit, and enjoyment of the public. Nature of Business The District has been engaged in the furnishing of water service and wastewater transmission services to its customers since inception. Location The District office is located at 31111 Greenspot Road, Highland, California. The office is situated within the District's boundaries which encompass an area of approximately 30.1 square miles within the County of San Bernardino, California. Directors Phillip R. Goodrich Chairman of the Board James Morales, Jr.Vice-Chairman of the Board David E. Smith Governing Board Member Ronald L. Coats Governing Board Member Chris Carrillo Governing Board Member East Valley Water District Phillip R. Goodrich President James Morales, Jr.Vice-President Michael Moore Secretary/Executive Director Brian W. Tompkins Director of Finance East Valley Water District Financing Authority Management Michael Moore General Manager/CEO Brian W. Tompkins Chief Financial Officer/Treasurer East Valley Water District District General Counsel Jean Cihigoyenetche JC Law Firm East Valley Water District East Valley Water District Combining Schedule of Net Position June 30, 2023 79 Water Wastewater Water Reclamation Eliminations Total ASSETS Current Assets: Cash and Cash Equivalents 9,551,007$ 914,904$ -$ -$ 10,465,911$ Investments 3,309,627 2,019,618 - - 5,329,245 Accounts Receivable, Net 5,080,958 311,472 548,409 - 5,940,839 Interest Receivable 73,545 - - - 73,545 Other Receivables 1,847,810 - - - 1,847,810 Due From Other Fund 13,597,742 14,655,612 - (28,253,354) - Due from Other Governments - - 20,552,300 - 20,552,300 Inventory 968,099 6,721 - - 974,820 Prepaid Expenses 224,720 32,080 - - 256,800 Total Current Assets 34,653,508 17,940,407 21,100,709 (28,253,354) 45,441,270 Non-Current Assets: Restricted Cash and Cash Equivalents 6,473,212 3,147,881 2,736,801 - 12,357,894 Assessments Receivable 263,478 - - - 263,478 Capital Assets not being Depreciated 20,707,049 17,511,967 165,532,873 - 203,751,889 Capital Assets, Net (Note 4)98,954,705 16,997,048 - - 115,951,753 Total Non-Current Assets 126,398,444 37,656,896 168,269,674 - 332,325,014 Total Assets 161,051,952 55,597,303 189,370,383 (28,253,354) 377,766,284 DEFERRED OUTFLOWS OF RESOURCES Deferred Charge on Refunding 581,827 272,820 - - 854,647 Deferred Outflows - Pensions 4,125,794 1,191,277 - - 5,317,071 Deferred Outflows - OPEB 829,028 355,298 - - 1,184,326 Total Deferred Outflows 5,536,649 1,819,395 - - 7,356,044 Total Assets and Deferred Outflows of Resources 166,588,601$ 57,416,698$ 189,370,383$ (28,253,354)$ 385,122,328$ (Continued) East Valley Water District Combining Schedule of Net Position – Continued June 30, 2023 80 Water Wastewater Water Reclamation Eliminations Total LIABILITIES C urrent Liabilities: Accounts Payable and Accrued Expenses 8,217,541$ 193,817$ 11,780$ -$ 8,423,138$ Accrued Payroll and Benefits 576,789 174,600 73,988 - 825,377 Customer Service Deposits 1,403,962 - - - 1,403,962 Construction Advances and Retentions 514,309 3,011,871 8,616,385 - 12,142,565 Accrued Interest Payable 239,067 24,711 - - 263,778 Current Portion of Compensated Absences 449,527 137,617 65,033 - 652,177 Current Portion of Long-Term Debt 2,380,654 175,000 - - 2,555,654 Due To Other Fund - 6,500,000 21,753,354 (28,253,354) - Due To Other Governnents 135,523 - - - 135,523 Total Current Liabilities 13,917,372 10,217,616 30,520,540 (28,253,354) 26,402,174 Non-Current Liabilities: Compensated Absences, Less Current Portion 530,612 127,575 117,403 - 775,590 Net Pension Liability 10,600,994 3,254,142 - - 13,855,136 Net OPEB Liability 1,390,452 595,908 - - 1,986,360 Long-Term Debt, Less Current Portion 31,327,898 4,205,000 155,723,918 - 191,256,816 Total Non-Current Liabilities 43,849,956 8,182,625 155,841,321 - 207,873,902 Total Liabilities 57,767,328 18,400,241 186,361,861 (28,253,354) 234,276,076 DEFERRED INFLOWS OF RESOURCES Deferred Inflows - Refunding 1,128,796 - - - 1,128,796 Deferred Inflows - Pensions 1,361,421 239,080 - - 1,600,501 Deferred Inflows - OPEB 228,250 97,822 - - 326,072 Total Deferred Inflows 2,718,467 336,902 - - 3,055,369 Total Liabilities and Deferred Inflows of Resources 60,485,795 18,737,143 186,361,861 (28,253,354) 237,331,445 NET POSITION Net Investment in Capital Assets 86,057,916 26,852,040 - - 112,909,956 Restricted for: Future Capital Expansion Projects 4,605,274 3,147,881 3,008,522 - 10,761,677 Unrestricted 15,439,616 8,679,634 - - 24,119,250 Total Net Position 106,102,806$ 38,679,555$ 3,008,522$ -$ 147,790,883$ East Valley Water District Combining Schedule of Revenues, Expenses, and Changes in Net Position Year Ended June 30, 2023 81 Water Wastewater Water Reclamation Eliminations Total OPERATING REVENUE Water Sales 17,004,576$ -$ -$ -$ 17,004,576$ Wastewater Treatment Charges - - 10,108,850 - 10,108,850 System Charges 9,831,561 5,651,554 - - 15,483,115 Other Revenue 1,073,128 140,343 - - 1,213,471 Total Operating Revenue 27,909,265 5,791,897 10,108,850 - 43,810,012 OPERATING EXPENSES Source of Supply: Salary & Benefits 379,114 - - - 379,114 Contract Services 359,689 - - - 359,689 Utilities 2,645,670 - - - 2,645,670 Insurance 4,344 - - - 4,344 Materials & Supplies 83,705 - - - 83,705 Purchased Water 141,188 - - - 141,188 Water Assessments 115,973 - - - 115,973 Chemicals 135,241 - - - 135,241 Professional Development 234 - - 234 Taxes 25,476 - - - 25,476 Total Source of Supply 3,890,634 - - - 3,890,634 Pumping: Salary & Benefits 168,229 - - - 168,229 Contract Services 57,993 - - - 57,993 Utilities 762,784 - - - 762,784 Materials & Supplies 14,032 - - - 14,032 Total Pumping 1,003,038 - - - 1,003,038 Treatment: Salary & Benefits 459,166 - 865,059 - 1,324,225 Contract Services 264,564 - 8,543,156 - 8,807,720 Utilities 168,266 - 178,367 - 346,633 Materials & Supplies 163,790 - 7,185 - 170,975 Legal Services - - 1,960 - 1,960 Chemicals 156,860 - - - 156,860 Memberships & Dues - - 602 - 602 Tools - - 1,746 - 1,746 Printing & Publishing - - 970 - 970 Professional Development - - 2,416 - 2,416 Total Treatment 1,212,646 - 9,601,461 - 10,814,107 Transmission & Distribution: Salary & Benefits 2,658,220 - - - 2,658,220 Contract Services 650,095 - - - 650,095 Materials & Supplies 910,949 - - - 910,949 Chemicals 30,516 - - - 30,516 Permits 6,835 - - - 6,835 Tools 54,991 - - - 54,991 Total Transmission & Distribution 4,311,606$ -$ -$ -$ 4,311,606$ (Continued) East Valley Water District Combining Schedule of Revenues, Expenses, and Changes in Net Position -Continued Year Ended June 30, 2023 82 Water Wastewater Water Reclamation Eliminations Total OPERATING EXPENSES - Continued Wastewater Collection: Salary & Benefits -$ 581,538$ -$ -$ 581,538$ Contract Services - 154,229 - - 154,229 Materials & Supplies - 9,607 - - 9,607 Tools - 7,115 - - 7,115 Total Wastewater Collection - 752,489 - - 752,489 Customer Accounts: Salary & Benefits 876,660 277,854 - - 1,154,514 Contract Services 618,220 262,319 - - 880,539 Utilities 5,372 2,405 - - 7,777 Materials & Supplies 5,593 - - - 5,593 General Office Supplies 8,217 1,567 - - 9,784 Printing & Publishing 7,276 3,118 - - 10,394 Postage 130,524 55,939 - - 186,463 Professional Development 1,877 804 - - 2,681 Total Customer Accounts 1,653,739 604,006 - - 2,257,745 General & Administrative: Salary & Benefits 3,931,251 1,953,106 87,769 - 5,972,126 Contract Services 2,589,528 794,784 409,853 - 3,794,165 Conservation Rebates 227,661 - - - 227,661 Utilities 402,917 60,088 109,842 - 572,847 Insurance 923,621 238,174 8,811 - 1,170,606 Materials & Supplies 366,432 123,076 62,879 - 552,387 General Office Supplies 32,247 16,607 - - 48,854 Legal Services 142,388 61,365 - - 203,753 Permits 35,742 25,086 - - 60,828 Memberships & Dues 110,503 40,295 - - 150,798 Tools 15,336 2,077 1,037 - 18,450 Printing & Publishing 177,937 87,060 - - 264,997 Professional Development 126,270 39,419 - - 165,689 Rents & Leases 9,337 3,587 5,055 - 17,979 Total General & Administrative 9,091,170 3,444,724 685,246 - 13,221,140 OPERATING EXPENSES BEFORE DEPRECIATION 21,162,833 4,801,219 10,286,707 - 36,250,759 Depreciation 5,425,456 838,921 - - 6,264,377 Total Operating Expenses 26,588,289 5,640,140 10,286,707 - 42,515,136 OPERATING INCOME (LOSS)1,320,976$ 151,757$ (177,857)$ -$ 1,294,876$ (Continued) East Valley Water District Combining Schedule of Revenues, Expenses, and Changes in Net Position - Continued Year Ended June 30, 2023 83 Water Wastewater Water Reclamation Eliminations Total NON-OPERATING REVENUES Investment Income 323,438$ 28,835$ -$ -$ 352,273$ Gain on Disposal of Assets 23,669 6,465 - 30,134 Other Income 49,404 - - - 49,404 Total Non-Operating Revenues 396,511 35,300 - - 431,811 NON-OPERATING EXPENSES Interest Expense 756,845 112,552 - - 869,397 Unrealized Investment Losses 55,399 31,881 - 87,280 Total Non-Operating Expenses 812,244 144,433 - - 956,677 INCOME BEFORE CONTRIBUTIONS 905,243 42,624 (177,857) - 770,010 CONTRIBUTIONS: Capacity Charges 967,401 443,041 449,578 - 1,860,020 Operating Grants 57,339 4,693 - - 62,032 Total Contributions 1,024,740 447,734 449,578 - 1,922,052 CHANGE IN NET POSITION 1,929,983 490,358 271,721 - 2,692,062 TOTAL NET POSITION, BEGINNING 104,172,823 38,189,197 2,736,801 - 145,098,821 TOTAL NET POSITION, ENDING 106,102,806$ 38,679,555$ 3,008,522$ -$ 147,790,883$ 84 East Valley Water District Combining Schedule of Cash Flows Year Ended June 30, 2023 85 Water Wastewater Water Reclamation Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Cash Received from Customers 29,143,215$ 6,300,954$ 9,560,441$ -$ 45,004,610$ Cash Payments for Employees Services (9,625,431) (1,964,945) (696,404) - (12,286,780) Cash Payments to Suppliers (9,542,486) (2,467,822) (9,322,099) - (21,332,407) Misc Income / (Expense)49,404 - - - 49,404 Net Cash Provided by Operating Activities 10,024,702 1,868,187 (458,062) - 11,434,827 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Assessments Received 93,827 - - - 93,827 Proceeds from Sale of Capital Assets 23,669 16,424 - - 40,093 Developer Fees Received 967,401 443,041 449,578 - 1,860,020 Reimbursements Received - - 3,103,376 - 3,103,376 Proceeds/Draws from SRF Loan - - 2,705,185 - 2,705,185 Grant Fund Received 57,339 4,693 - - 62,032 Due (From) To Water Fund - 999,433 1,946,638 (2,946,071) - Due (From) To Reclamation Fund (1,108,517) (1,837,554) - 2,946,071 - Principal Paid on Capital Debt (2,161,691) (175,000) - - (2,336,691) Interest Paid on Capital Debt (925,492) (99,315) - - (1,024,807) Acquisition of Capital Assets (6,802,524) (222,639) (7,746,715) - (14,771,878) Net Cash Used for Capital and Related Financing Activities (9,855,988) (870,917) 458,062 - (10,268,843) CASH FLOWS FROM INVESTING ACTIVITIES Interest Received from Investments 193,814 30,400 - - 224,214 Acquisition of Investment Securities (597,678) (542,159) - - (1,139,837) Proceeds from Sales of Investments 299,203 - - - 299,203 Net Cash Provided (Used) by Investing Activities (104,661) (511,759) - - (616,420) Net (Decrease) Increase in Cash and Cash Equivalents 64,053 485,511 - - 549,564 Cash and Equivalents: Beginning of Year 15,960,166 3,577,274 2,736,801 - 22,274,241 End of Year 16,024,219$ 4,062,785$ 2,736,801$ -$ 22,823,805$ RECONCILIATION TO STATEMENT OF NET POSITION Cash and Cash Equivalents 9,551,007$ 914,904$ -$ -$ 10,465,911$ Restricted Cash and Cash Equivalents 6,473,212 3,147,881 2,736,801 - 12,357,894 Total Cash and Cash Equivalents 16,024,219$ 4,062,785$ 2,736,801$ -$ 22,823,805$ (Continued) East Valley Water District Combining Schedule of Cash Flows - Continued Year Ended June 30, 2023 86 Water Wastewater Water Reclamation Eliminations Total Reconciliation of Operating Income (Loss) to Net Cash Provided by Operating Activities Operating Income (Loss)1,320,974$ 151,757$ (177,857)$ -$ 1,294,874$ Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by Operating Activities: Depreciation 5,425,456 838,921 - - 6,264,377 Miscellaneous Income/(Expense)49,404 - - - 49,404 CIP Projects Expensed 18,656 - - - 18,656 Change in Assets and Liabilities: Customer Receivables 1,451,691 509,057 (548,409) - 1,412,339 Inventory (30,281) - - - (30,281) Prepaids 11,492 2,205 - - 13,697 Deferred Outflow of Resources (2,827,691) (854,656) - - (3,682,347) Accounts Payable - Supplier 3,162,011 100,232 11,780 - 3,274,023 Salaries & Benefits Payable (32,606) 11,230 73,988 - 52,612 Compensated absences (87,041) 44,744 182,436 - 140,139 Net Pension Liability 5,506,990 1,690,457 - - 7,197,447 Net OPEB Liability 87,139 37,346 - - 124,485 Deferred Inflows of Resources (3,813,926) (663,106) - - (4,477,032) Other Receivables (231,483) - - - (231,483) Customer / Developer Deposits 13,917 - - - 13,917 Total Cash Provided by Operating Activities 10,024,702$ 1,868,187$ (458,062)$ -$ 11,434,827$ NON-CASH INVESTING, CAPITAL, AND NON-CAPITAL FINANCING ACTIVITIES: Fair Value Adjustments to Investments 208,616$ 92,130$ -$ -$ 300,746$ -$ -$ 13,349,674$ -$ 13,349,674$ Liabilities, Including Retainage 239,129$ 837,713$ 876,909$ -$ 1,953,751$ Receivable Offset by Debt Capital Assets Acquired by Assuming 87 88 Annual Comprehensive Financial Report Fiscal Year Ended June 30, 2023 Table of Contents 89 Page No. Statistical Information Section Financial Trends .................................................................................................. 91-96 These schedules contain information to help the reader understand how the District’s financial performance and well-being have changed over time. Changes in Net Position by Component – Last Ten Fiscal Years .................................... 91-92 Operating Revenue by Source – Last Ten Fiscal Years ..................................................... 93 Water Operating Expenses – Last Ten Fiscal Years .......................................................... 94 Wastewater Operating Expenses – Last Ten Fiscal Years ................................................. 95 Water Reclamation Operating Expenses – Last Ten Fiscal Years ....................................... 96 Revenue Capacity .............................................................................................. 97-104 These schedules contain information to help the reader assess the District’s most significant sources of revenue, water sales, meter charges, wastewater system charges, wastewater treatment charges, and other charges. Water Sales and Production – Last Ten Fiscal Years ........................................................ 97 Revenue Rates for Water – Last Ten Fiscal Years ...................................................... 99-100 Revenue Rates for Wastewater – Last Ten Fiscal Years ............................................ 101-102 Active Services by Type – Last Ten Fiscal Years ............................................................. 103 Principal Customers – Current Fiscal Year and Nine Years Ago......................................... 104 Debt Capacity ................................................................................................. 105-106 These schedules present information to help the reader assess the affordability of the District’s current levels of outstanding debt and the District’s ability to issue additional debt in the future. Ratio of Outstanding Debt – Last Ten Fiscal Years .......................................................... 105 Debt Service Coverage – Last Ten Fiscal Years............................................................... 106 Annual Comprehensive Financial Report Fiscal Year Ended June 30, 2023 Table of Contents 90 Page No. Statistical Information Section - Continued Demographic Information ..................................................................................... 107 These schedules offer demographic indicators to help the reader understand the environment within which the District’s financial activities take place. Demographic and Economic Statistics – Last Ten Calendar / Fiscal Years ......................... 107 Operating Information ................................................................................... 108-109 These schedules contain service and infrastructure data to help the reader understand how the information in the District’s financial report relates to the service provided by the District. Full-Time Equivalent Employees by Department – Last Ten Fiscal Years ........................... 108 Operating and Capacity Indicators for Water and Wastewater – Last Ten Fiscal Years ....... 109 EAST VALLEY WATER DISTRICT Changes in Net Position by Component Last Ten Fiscal Years 91 Year ended June 30, 2014 2015 2016 2017 2018 Change In Net Position Operating Revenue 32,620,577$ 30,743,445$ 33,024,082$ 37,448,549$ 40,291,125$ Operating Expenses 29,191,176 29,146,339 32,655,921 32,299,587 35,980,099 Operating Income (Loss)3,429,401 1,597,106 368,161 5,148,962 4,311,026 Non-Operating Revenue (Expenses) Investment Income 49,846 100,830 146,874 69,237 221,359 Other Income 334,700 800,278 830,806 401,323 258,560 Interest Expense (1,917,676) (1,980,062) (1,843,440) (1,776,684) (1,777,852) Amortization (99,688) - - - - Gain (Loss) on Disposal of Assets (606,085) - - - - Total Non-Operating Revenue (Expenses)(2,238,903) (1,078,954) (865,760) (1,306,124) (1,297,933) Special Item Abandoned Projects - (2,413,478) - (1,615,241) - Hazard Mitigation - - - - (155,177) Capital Contributions 6,369,890 596,940 732,642 2,446,118 523,918 Change in Net Position 7,560,388 (1,298,386) 235,043 4,673,715 3,381,834 Prior Period Adjustment - (7,956,231) - - - Cumulative Effect of Change in Accounting Principles - - - - (1,711,803) Net Position - Beginning 114,509,106 122,069,494 112,814,877 113,049,920 117,723,635 Net Position - Ending 122,069,494$ 112,814,877$ 113,049,920$ 117,723,635$ 119,393,666$ Net Position By Component Net Investment in Capital Assets 101,757,787$ 98,091,685$ 103,222,160$ 104,659,796$ 103,210,762$ Restricted 2,274,769 2,322,238 2,276,695 2,847,924 3,334,940 Unrestricted 18,036,938 12,400,954 7,551,065 10,215,915 12,847,964 122,069,494$ 112,814,877$ 113,049,920$ 117,723,635$ 119,393,666$ (Continued) SOURCE: East Valley Water District - Finance Department EAST VALLEY WATER DISTRICT Changes in Net Position by Component - Continued Last Ten Fiscal Years 92 Year ended June 30, 2019 2020 2021 2022 2023 Change In Net Position Operating Revenue 39,309,298$ 39,812,912$ 42,236,814$ 43,093,615$ 43,810,012$ Operating Expenses 35,898,073 36,249,650 36,496,064 40,578,341 42,515,136 Operating Income (Loss)3,411,225 3,563,262 5,740,750 2,515,274 1,294,876 Non Operating Revenue (Expenses) Investment Income 571,549 524,675 167,499 165,989 352,273 Other Income 307,247 121,983 43,744 (269,768) (37,876) Interest Expense (1,684,986) (1,579,104) (1,387,113) (1,295,223) (869,397) Amortization - - Gain (Loss) on Disposal of Assets 705,285 - (1,236,600) 1,042,562 30,134 (100,905) (932,446) (2,412,470) (356,440) (524,866) Special Item Abandoned Projects - - - - - Hazard Mitigation - - - - - Capital Contributions 611,673 9,961,522 877,185 2,826,525 1,922,052 Change in Net Position 3,921,993 12,592,338 4,205,465 4,985,359 2,692,062 Prior Period Adjustment - - - - - Cumulative Effect of Change in Accounting Principles - - - - - Net Position - Beginning 119,393,666 123,315,659 135,907,997 140,113,462 145,098,821 Net Position - Ending 123,315,659$ 135,907,997$ 140,113,462$ 145,098,821$ 147,790,883$ Net Position By Component Net Investment in Capital Assets 95,468,735$ 106,708,555$ 114,767,362$ 117,079,071$ 112,909,956$ Restricted 3,460,835 6,659,487 6,435,505 9,076,014 10,761,677 Unrestricted 24,386,089 22,539,955 18,910,595 18,943,736 24,119,250 123,315,659$ 135,907,997$ 140,113,462$ 145,098,821$ 147,790,883$ SOURCE: East Valley Water District - Finance Department EAST VALLEY WATER DISTRICT Operating Revenue by Source Last Ten Fiscal Years 93 Wastewater Wastewater Total Year Ended Water Meter System Treatment Other Operating June 30,Sales Charges Charges Charges Charges Revenue 2014 15,351,609$ 4,704,036$ 4,649,212$ 7,197,418$ 718,302$ 32,620,577$ 2015 13,505,159 4,874,581 4,531,355 6,907,828 924,522 30,743,445 2016 11,927,523 8,063,077 4,286,594 7,165,655 1,581,233 33,024,082 2017 14,556,339 8,944,652 4,703,439 8,128,030 1,116,089 37,448,549 2018 17,063,891 8,999,756 4,668,923 8,697,671 860,884 40,291,125 2019 15,746,654 9,009,881 4,643,732 8,592,950 1,316,081 39,309,298 2020 16,902,370 9,023,267 4,647,347 8,496,012 743,916 39,812,912 2021 19,305,631 9,217,003 4,705,683 8,456,508 551,989 42,236,814 2022 18,472,876 9,192,297 4,828,526 9,764,357 835,559 43,093,615 2023 17,004,576 9,831,561 5,651,554 10,108,850 1,213,471 43,810,012 SOURCE: East Valley Water District - Finance Department $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 $50,000,000 Other Charges Wastewater Treatement Charges Wastewater System Charges Meter Charges Water Sales EAST VALLEY WATER DISTRICT Water Operating Expenses Last Ten Fiscal Years 94 Transmission Customer Accts,Total Year Ended Source of Water &General, & Water Oper June 30,Supply Pumping Treatment Distribution Admin Expenses 2014 2,875,518$ 992,555$ 1,516,412$ 1,437,831$ 6,397,534$ 13,219,850$ 2015 3,025,714 615,147 743,099 2,120,374 6,785,909 13,290,243 2016 2,442,061 696,432 799,947 2,327,185 8,782,957 15,048,582 2017 3,401,062 646,940 750,052 2,222,953 7,696,211 14,717,218 2018 2,595,071 683,296 969,460 2,538,910 9,347,724 16,134,461 2019 2,975,348 585,585 840,623 2,819,288 9,393,555 16,614,399 2020 3,263,403 457,846 891,127 3,460,642 9,414,762 17,487,780 2021 3,617,788 596,586 1,008,129 3,253,175 9,208,176 17,683,854 2022 3,515,262 756,843 1,045,730 3,563,328 12,534,090 21,415,253 2023 3,890,634 1,003,038 1,212,646 4,311,606 10,744,909 21,162,833 SOURCES: East Valley Water District - Customer Service, Finance, and Operations Departments $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 Source of Supply Pumping Water Treatment Transmission & Distribution Customer Accts, General, & Admin EAST VALLEY WATER DISTRICT Wastewater Operating Expenses Last Ten Fiscal Years 95 Customer Accts,Total Year Ended Wastewater General, &Wastewater Oper June 30,Collections Admin Expenses 2014 312,193$ 2,953,997$ 3,266,190$ 2015 448,399 3,356,250 3,804,649 2016 407,913 2,752,779 3,160,692 2017 425,944 2,510,920 2,936,864 2018 753,000 3,367,091 4,120,091 2019 700,507 3,309,983 4,010,490 2020 767,448 2,922,949 3,690,397 2021 722,680 3,140,650 3,863,330 2022 587,128 3,113,309 3,700,437 2023 752,489 4,048,730 4,801,219 SOURCES: East Valley Water District - Customer Service and Finance Departments $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Wastewater Collections Customer Accts, General, & Admin EAST VALLEY WATER DISTRICT Water Reclamation Operating Expenses Last Ten Fiscal Years 96 Customer Accts,Total Year Ended Wastewater General, &Water Recl Oper June 30,Treatment Admin Expenses 2014 7,197,418$ -$ 7,197,418$ 2015 6,907,828 - 6,907,828 2016 7,302,389 - 7,302,389 2017 8,128,030 - 8,128,030 2018 8,697,671 - 8,697,671 2019 8,592,950 - 8,592,950 2020 8,496,012 - 8,496,012 2021 8,456,508 - 8,456,508 2022 9,084,061 - 9,084,061 2023 9,601,461 685,246 10,286,707 SOURCES: East Valley Water District - Customer Service and Finance Departments $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 Wastewater Treatment Customer Accts, General, & Admin EAST VALLEY WATER DISTRICT Water Sales and Production Last Ten Fiscal Years 97 Year Ended Water Sales Water Produced June 30,(Acre Feet)(Acre Feet) 2014 19,910 20,665 2015 17,431 18,494 2016 14,999 16,614 2017 16,223 17,922 2018 18,361 18,997 2019 16,167 17,397 2020 17,037 17,596 2021 18,429 18,784 2022 17,998 18,789 2023 15,341 16,408 SOURCES: East Valley Water District - Finance and Operations Departments 0 5,000 10,000 15,000 20,000 25,000 Water Produced Water Sales 98 EAST VALLEY WATER DISTRICT Revenue Rates for Water Last Ten Fiscal Years 99 Year ended June 30, 2014 2015(1)2016 2017 2018 Tier 1-$1.45 Tier 1-$1.45 Tier 1-$1.63 Tier 1-$1.73 Tier 2-$2.07 Tier 2-$2.07 Tier 2-$2.32 Tier 2-$2.46 Tier 3-$2.89 Tier 3-$2.89 Tier 3-$3.24 Tier 3-$3.44 Year ended June 30, 2014 2015 2016 2017 2018 13.71$ 20.96$ 20.96$ 23.06$ 23.06$ 13.71 26.61 26.61 29.27 29.27 20.87 37.92 37.92 41.71 41.71 38.60 66.19 66.19 72.81 72.81 88.48 100.12 100.12 110.13 110.13 163.25 207.54 207.54 228.30 228.30 270.06 365.85 365.85 402.44 402.44 537.09 744.67 744.67 819.14 819.14 857.52 1,366.62 1,366.62 1,503.28 1,503.28 (Continued) NOTES: HCF = Hundred Cubic Feet = 748 gallons (1)On June 1, 2015 the District adopted Water Budget Based Rates. (2)On January 1, 2020 the District adopted New Water Rates. (3)On January 1, 2022 the District adopted New Water Rates. SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions Water Consumption Rates 1 1 1/2 2 8 3 4 6 (inches) 5/8 3/4 Meter Size Charge per HCF 1.77$ Water Monthly System Charges EAST VALLEY WATER DISTRICT Revenue Rates for Water - Continued Last Ten Fiscal Years 100 Year ended June 30, 2019 2020(2)2021 2022(3)2023 Tier 1-$1.73 Tier 1-$1.83 Tier 1-$1.83 Tier 1-$1.98 Tier 1-$2.04 Tier 2-$2.46 Tier 2-$2.61 Tier 2-$2.61 Tier 2-$2.54 Tier 2-$2.62 Tier 3-$3.44 Tier 3-$3.64 Tier 3-$3.64 Tier 3-$3.93 Tier 3-$4.05 Year ended June 30, 2019 2020 2021 2022(3)2023 23.06$ 23.06$ 23.06$ 24.01$ 24.74$ 29.27 29.27 29.27 30.85 31.78 41.71 41.71 41.71 44.52 45.86 72.81 72.81 72.81 78.69 81.06 110.13 110.13 110.13 119.70 123.30 228.30 228.30 228.30 229.05 235.93 402.44 402.44 402.44 352.07 362.64 819.14 819.14 819.14 693.79 714.61 1,503.28 1,503.28 1,503.28 1,923.98 1,981.70 NOTES: HCF = Hundred Cubic Feet = 748 gallons (1)On June 1, 2015 the District adopted Water Budget Based Rates. (2)On January 1, 2020 the District adopted New Water Rates. (3)On January 1, 2022 the District adopted New Water Rates. SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions Water Consumption Rates 1 1 1/2 2 8 3 4 6 (inches) 5/8 3/4 Charge per HCF Meter Size Water Monthly System Charges EAST VALLEY WATER DISTRICT Revenue Rates for Wastewater Last Ten Fiscal Years 101 Year ended June 30, 2014 2015(1)2016 2017 2018 Single-Family Residential (1 to 3 units) Flat Monthly Charge (per unit)15.36$ 15.36$ 15.36$ 15.36$ 15.36$ Multi-Family Residential (4 or more units) Flat Monthly Charge (per unit)15.36$ 15.36$ 15.36$ 15.36 N/A Commercial Non-Residential Flat Monthly Charge 3.90 3.90 3.90 3.90 3.90 plus, Charge per HCF 0.55 0.55 0.55 0.55 0.55 Year ended June 30, 2014 2015(1)2016 2017 2018 Residential (Flat Monthly Charge) Flat Monthly Charge Residential (1 unit)18.50$ 18.50$ 19.18$ 20.85$ 21.55$ Residential (2 units)N/A N/A N/A N/A N/A Residential (3 units)N/A N/A N/A N/A N/A Multi-Family (2 units)37.00 37.00 38.37 41.72 43.10 Multi-Family (3 units)55.50 55.50 57.55 62.58 64.64 Multi-Family (4 or more units)N/A N/A N/A N/A N/A Commercial Multi-Family (4+ units)2.40 2.40 1.71 1.90 1.97 Non-Residential 2.40 2.40 3.18 3.42 3.52 plus, Charge per HCF: Multi-Family (4+ units)1.25 1.25 1.36 1.48 1.53 Retail 2.10 2.10 2.28 2.47 2.55 Restaurants/Lounges 2.70 2.70 2.93 3.18 3.28 Schools/Churches 1.10 1.10 1.19 1.29 1.33 Governments/Municipal 1.50 1.50 1.63 1.77 1.83 Laundromats 1.50 1.50 1.63 1.77 1.83 Dry Cleaners 2.10 2.10 2.28 2.47 2.55 Convalescent Homes 1.35 1.35 1.46 1.58 1.63 Auto Repair/Svc Stations 1.30 1.30 1.41 1.53 1.58 Car Wash 1.30 1.30 1.41 1.53 1.58 Patton State Hospital N/A N/A N/A N/A N/A Hotels 2.70 2.70 2.93 3.18 3.28 Ofc Bldgs/Motels 1.50 1.50 1.63 1.77 1.83 Supermarkets 2.70 2.70 2.93 3.18 3.28 NOTES:(Continued) HCF = Hundred Cubic Feet = 748 gallons (1)On June 1, 2015 the District adopted Water Budget Based Rates. (2) SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions Starting in May 2022, the District transitioned from rates established by the City of San Bernardino to rates adopted as the result of a wastewater Cost of Service Analysis for the District's Sterling Natural Resource Center Water Reclamation Plant. Wastewater Maintenance Charges Wastewater Treatment Charges EAST VALLEY WATER DISTRICT Revenue Rates for Wastewater - Continued Last Ten Fiscal Years 102 Year ended June 30, 2019 2020 2021 2022(2)2023 Single-Family Residential (1 to 3 units) Flat Monthly Charge (per unit)15.36$ 15.36$ 15.36$ 14.25$ 15.25$ Multi-Family Residential (4 or more units) Flat Monthly Charge (per unit)N/A N/A N/A 13.46 14.41 Commercial Non-Residential Flat Monthly Charge 3.90 3.90 3.90 10.33 11.06 plus, Charge per HCF 0.55 0.55 0.55 - - Year ended June 30, 2019 2020 2021 2022(2)2023 Residential (Flat Monthly Charge) Flat Monthly Charge Residential (1 unit)21.55$ 21.55$ 21.55$ 23.37$ 25.01$ Residential (2 units)N/A N/A N/A 23.37 25.01 Residential (3 units)N/A N/A N/A 23.37 25.01 Multi-Family (2 units)43.10 43.10 43.10 20.86 22.33 Multi-Family (3 units)64.64 64.64 64.64 20.86 22.33 Multi-Family (4 or more units)N/A N/A N/A 20.86 22.33 Commercial Multi-Family (4+ units)1.97 1.97 1.97 N/A N/A Non-Residential 3.52 3.52 3.52 10.83 11.59 plus, Charge per HCF: Multi-Family (4 + units)1.53 1.53 1.53 N/A N/A Retail 2.55 2.55 2.55 1.31 1.41 Restaurants/Lounges 3.28 3.28 3.28 1.31 4.16 Schools/Churches 1.33 1.33 1.33 1.31 1.41 Governments/Municipal 1.83 1.83 1.83 1.31 1.41 Laundromats 1.83 1.83 1.83 1.99 2.14 Dry Cleaners 2.55 2.55 2.55 1.99 2.14 Convalescent Homes 1.63 1.63 1.63 1.99 2.14 Auto Repair/Svc Stations 1.58 1.58 1.58 1.99 2.14 Car Wash 1.58 1.58 1.58 1.99 1.41 Patton State Hospital N/A N/A N/A 2.36 2.53 Hotels 3.28 3.28 3.28 3.88 4.16 Ofc Bldgs/Motels 1.83 1.83 1.83 3.88 1.41 Supermarkets 3.28 3.28 3.28 1.31 4.16 NOTES: HCF = Hundred Cubic Feet = 748 gallons (1)On June 1, 2015 the District adopted Water Budget Based Rates. (2) SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions Wastewater Treatment Charges Starting in May 2022, the District transitioned from rates established by the City of San Bernardino to rates adopted as the result of a wastewater Cost of Service Analysis for the District's Sterling Natural Resource Center Water Reclamation Plant. Wastewater Maintenance Charges EAST VALLEY WATER DISTRICT Active Services by Type Last Ten Fiscal Years 103 Year Ended Residential Multi-Family To tal June 30, (1 to 3 units) (4+ units)Commercial Irrigation Fire Svcs Service 2014 18,584 497 1,268 313 1,321 21,983 2015 18,584 497 1,268 313 1,321 21,983 2016 19,500 463 949 275 1,330 22,517 2017 19,526 463 988 275 1,339 22,591 2018 19,526 463 988 275 361 21,613 2019 19,883 474 681 322 252 21,612 2020 19,526 463 988 275 255 21,507 2021 19,526 463 988 275 255 21,507 2022 19,853 463 988 275 255 21,834 2023 19,876 474 715 354 260 21,679 SOURCES: East Valley Water District - Customer Service and Finance Departments 0 5,000 10,000 15,000 20,000 25,000 Residential Multi-Family Commercial Irrigation Fire Svcs EAST VALLEY WATER DISTRICT Principal Customers Current Fiscal Year and Nine Years Ago 104 Water Percentage Water Percentage Consumed of Total Consumed of Total Customer (AF)Rank (%)(AF)Rank (%) San Bernardino City Unified School District 507 1 3.09% 545 2 2.64% Patton State Hospital 359 2 2.19% 595 1 2.88% City of Highland 312 3 1.90% 297 4 1.44% San Manuel Indian Bingo & Casino 309 4 1.88% 208 6 1.01% Village Lakes Homeowners Association 164 5 1.00%- East Highlands Ranch 151 6 0.92% 365 3 1.77% San Manuel Mission Indians 151 7 0.92% 228 5 1.10% Amusement Industry 142 8 0.87%- Tuscany Apartment Homes 139 9 0.85% 95 10 0.46% Victoria Village Apartments 105 10 0.64% 99 9 0.48% Stubblefield Mobile Home Parks & Offices 154 7 0.75% Valencia Lea Mobile Home Park 136 8 0.66% Total - Top 10 2,339 14.26% 2,722 13.19% Total - Water Produced 16,408 100.00% 20,665 100.00% SOURCES: East Valley Water District - Customer Service and IT Departments 20142023 EAST VALLEY WATER DISTRICT Ratio of Outstanding Debt Last Ten Fiscal Years 105 Fiscal Year Revenue Bonds DWR Loans Capital Lease and Loan Certificates of Participation Installment Note Outstanding Debt $ Per Capita As a Share of Personal Income 2014 42,195,000$ 7,091,964$ 3,998,560$ -$ -$ $ 53,285,524 561 1.67% 2015 40,930,000 7,071,964 3,671,849 - - 51,673,813 508 1.43% 2016 39,615,000 6,818,565 3,299,108 - - 49,732,673 476 1.30% 2017 38,235,000 6,565,166 7,278,478 - - 52,078,644 510 1.36% 2018 36,800,000 6,721,695 6,392,308 - - 49,914,003 489 1.26% 2019 35,300,000 31,947,551 5,131,238 - - 72,378,789 710 1.72% 2020 33,720,000 69,565,404 4,295,104 - - 107,580,508 1,044 2.30% 2021 33,261,998 132,399,838 3,449,724 - - 169,111,561 1,642 3.32% 2022 32,288,904 145,368,048 2,582,889 - - 180,239,841 1,750 * 2023 30,923,365 161,169,730 1,719,375 - - 193,812,470 1,864 * NOTE: * This data was not developed in the format required for this fiscal year. SOURCE: East Valley Water District - Finance Department $0 $25,000,000 $50,000,000 $75,000,000 $100,000,000 $125,000,000 $150,000,000 $175,000,000 $200,000,000 Revenue Bonds DWR Loans Capital Lease and Loan Certificates of Participation Installment Note EAST VALLEY WATER DISTRICT Debt Service Coverage Last Ten Fiscal Years 106 Gross Operating Net Available Revenue (1)Expenses(2)Revenue Principal(3)Interest Total 27,397,559$ 13,219,850$ 14,177,709$ 1,167,718$ 1,840,671$ $3,008,389 4.71 % 20,662,750 12,915,690 7,747,060 1,546,490 1,813,348 3,359,838 2.31 22,543,107 15,048,582 7,494,525 1,851,139 1,718,658 3,569,797 2.10 25,257,709 14,717,219 10,540,490 1,926,956 1,653,322 3,580,278 2.94 27,537,072 16,134,461 11,402,611 2,479,570 1,584,820 4,064,390 2.81 27,071,082 16,614,399 10,456,683 2,904,466 1,593,181 4,497,647 2.32 27,466,707 17,487,780 9,978,927 2,564,310 1,456,842 4,021,152 2.48 29,738,333 17,638,854 12,099,479 4,703,778 1,104,438 5,808,216 2.08 30,465,196 21,415,253 9,049,943 2,100,233 957,953 3,058,186 2.96 29,330,516 21,162,833 8,167,683 2,141,913 917,000 3,058,913 2.67 Gross Operating Net Available Revenue (1)Expenses(2)Revenue Principal Interest Total 2014 11,974,164$ 10,463,608$ 1,510,556$ 85,000$ 184,621$ $ 269,621 5.60 % 2015 11,578,742 10,606,751 971,991 85,000 229,725 314,725 3.09 2016 12,095,372 10,463,081 1,632,291 90,000 225,775 315,775 5.17 2017 13,134,564 11,064,894 2,069,670 95,000 221,625 316,625 6.54 2018 13,758,976 12,817,762 941,214 95,000 217,350 312,350 3.01 2019 14,433,970 12,603,440 1,830,530 100,000 212,475 312,475 5.86 2020 22,954,385 12,186,049 10,768,336 105,000 207,350 312,350 34.48 2021 13,586,909 12,319,838 1,267,071 110,000 158,476 268,476 4.72 2022 16,697,201 12,784,498 3,912,703 170,000 100,145 270,145 14.48 2023 6,274,931 4,801,219 1,473,712 175,000 99,315 274,315 5.37 NOTES: (1) (2)Operating expenses, less depreciation, for the utility fund. (3)Excludes Debt Service for Assessment Districts' Arroyo Verde and Eastwood Farms. SOURCE: East Valley Water District - Finance Department 2021 2022 2023 Wastewater Department Coverage 2014 2015 2016 2017 2018 2019 2020 Year Ended June 30, Debt Service Water Department Year Ended Gross revenue includes all operating revenue, interest income, other non-operating revenue and connection fees from the utility fund. Coverage Debt Service June 30, EAST VALLEY WATER DISTRICT Demographics and Economic Statistics Last Ten Calendar / Fiscal Years 107 Personal Personal Income Income District Unemployment Population (thousands Per Capita Population (3)(4)Rate (1)(3)(2)+of dollars)(2)+(dollars)(2)+ 2014 95,000 8.9% 2,095,533 70,425,945 33,608 2015 101,733 7.2% 2,110,852 74,773,589 35,423 2016 104,457 6.0% 2,126,539 77,868,801 36,618 2017 102,208 5.5% 2,144,961 80,514,585 37,537 2018 102,000 4.4% 2,160,049 83,915,091 38,849 2019 102,000 4.0% 2,170,992 89,559,909 41,253 2020 103,000 6.4% 2,182,740 99,313,293 45,499 2021 103,000 9.0% 2,194,710 108,623,799 49,493 2022 104,000 5.4%*** 2023 104,000 4.2%*** NOTES: +This data was revised in 2021(2) *This data was not developed in the format required for this fiscal year. SOURCES: (1)U.S. Department of Labor, Bureau of Labor Statistics (BLS) Census Bureau midyear population estimates. (2)Bureau of Economic Analysis (BEA) Computed using midyear population estimates. (3)Fiscal Year ends on June 30 of the year that is shown. (4)East Valley Water District - Finance Department June 30, County of San Bernardino Year Ended EAST VALLEY WATER DISTRICT Full-Time Equivalent Employees by Department Last Ten Fiscal Years 108 District Engineering &Water Administration Maintenance Operations Reclamation(1)Total 25.5 29 11 0 65.5* 27.5 28.5 11 0 67* 27 28 13 0 68* 27 29 12 0 68* 26.5 29 13 0 68.5* 27.5 32 11 0 70.5* 26 30 11 0 67 25 30 11 0 66 26 30 11 9 76 26 30 11 9 76 NOTES: *Includes Part-Time Employees (PTEs) (1)Water Reclamation program started in FY 2021-22 SOURCES: East Valley Water District - Finance and Human Resources Departments Year Ended June 30, 2020 2021 2023 2018 2014 2015 2016 2017 2019 2022 0 10 20 30 40 50 60 70 80 District Administration Engineering & Maintenance Operations Water Reclamation EAST VALLEY WATER DISTRICT Operating and Capacity Indicators for Water and Wastewater Last Ten Fiscal Years 109 Annual Average Miles of Number of Production Production Water Main Fire Hydrants (MG)(MGD) 2014 297 2,976 6,488 18 2015 316 3,005 5,680 16 2016 316 3,005 4,887 13 2017 316 3,005 5,286 14 2018 300 3,018 5,983 16 2019 300 3,025 5,268 14 2020 300 3,025 5,552 15 2021 300 3,029 6,121 17 2022 300 3,043 6,122 17 2023 300 3,048 5,347 15 Annual Daily Miles of Service Sewerage Sewerage Wastewater Connections (MG)(MGD) 2014 223 19,504 2,595.08 7.11 2015 224 19,544 2,271.96 6.22 2016 224 19,572 2,167.71 5.94 2017 260 20,290 2,175.40 5.96 2018 225 20,581 2,149.85 5.89 2019 214 20,563 2,091.45 5.73 2020 214 19,679 2,220.61 6.08 2021 214 19,686 2,220.61 6.08 2022 220 19,766 2,448.97 6.71 2023 220 19,831 2,138.63 5.86 SOURCE: East Valley Water District - Engineering and Finance Departments Water System Wastewater System Year Ended June 30, Year Ended June 30, 110 EAST VALLEY WATER DISTRICT Capacity Charge Funds Year Ended June 30, 2023 111 Capacity Charge Funds Government Code Section 66013 requires local agencies that collect capacity charges to deposit and account for these fees in a separate capital facilities fund. In addition, local agencies are required to annually provide the information in this report to the public upon request. Government Code Section 66013 (b) (3) defines "Capacity charge" means a charge for public facilities at the time the charge is imposed or charges for new public facilities to be acquired or constructed in the future that are of proportional benefit to the person or property being charged, including supply or capacity contracts for rights or entitlements, real property interests, and entitlements and other rights of the local agency involving capital expense related to its use of the use of existing or new public facilities. " Government Code Section 66013 (d) outlines the reporting requirements on the capital facilities funds and expenditures. Government Code Section 66013 (f) (2) exempts capacity charges that are used to pay existing debt service from the reporting requirements of Section 66013 (d). Two of the District's capacity charges are used to pay existing debt service; therefore, they are exempt from the reporting requirements. For the purpose of enhancing transparency, the District has provided the reporting information on its capacity charges that are exempt from Section 66013 (d). The District has the following capacity charge funds: Water Capacity Fee Fund. This fund collects System Capacity Charges for new water service connections to pay for proportionate shares of the District equipment replacements and facility improvements. Wastewater Capacity Fee Fund. This fund collects a fee for the capacity used by new wastewater connections and the funds are used to pay facilities and to help ensure the wastewater collection system can contain additional wastewater flows from new customers. Water Reclamation Capacity Fee Fund. This fund collects fees for the expansion of the Sterling Natural Resource Center to treat the flows generated by new development. EAST VALLEY WATER DISTRICT Capacity Charge Funds Year Ended June 30, 2023 112 A summary of changes in Water Fund Capacity Fees collected for the year ended June 30, 2023 is as follows: Beginning of End of Categories Year Contributions Usage Year Storage 265,338$ $ 94,413 $ - $ 359,751 Treatment 845,165 28,892 - 874,057 Supply 482,841 42,822 - 525,663 Trans & Distribution 1,323,394 454,431 - 1,777,825 General 189,280 25,614 - 214,894 East Treatment Plant 454,160 321,229 - 775,389 3,560,178$ 967,401$ -$ 4,527,579$ A summary of Projects Funded by Capacity Fees for the year ended June 30, 2023: Categories CIP Project* FY 2022-23 Expended % Funded by Capacity Total Capacity Fees Usage Storage -$ 0%-$ Treatment Supply Trans & Distribution General New Treatment Plant -$ -$ Note: * The District did not have any CIP projects utilizing Capacity Fee funds for the year ended June 30, 2023. EAST VALLEY WATER DISTRICT Capacity Charge Funds Year Ended June 30, 2023 113 A summary of changes in Wastewater Fund Capacity Fees collected for the year ended June 30, 2023 is as follows: Beginning of End of Categories Year Contributions Usage Year Collection $ 1,821,985 $ 156,513 $ - $ 1,978,498 General 281,356 22,782 - 304,138 Greenspot Main 399,412 176,145 - 575,557 5th Street Main 158,728 70,009 - 228,737 Lynwood Main 39,859 17,592 - 57,451 2,701,340$ 443,041$ -$ 3,144,381$ A summary Project Funded by Capacity Fees for the year ended June 30, 2023: Categories CIP Project FY 2022-23 Expended % Funded by Capacity Total Capacity Fees Usage Collection -$ 0%-$ Transmission - Recharge - Operations - -$ -$ EAST VALLEY WATER DISTRICT Capacity Charge Funds Year Ended June 30, 2023 114 A summary of changes in Water Reclamation Fund Capacity Fees collected for the year ended June 30, 2023 is as follows: Beginning of End of Categories Year Contributions Usage Year Treatment 2,736,801 271,721 - 3,008,522 2,736,801$ 271,721$ -$ 3,008,522$ A summary Project Funded by Capacity Fees for the year ended June 30, 2023: Categories CIP Project FY 2022-23 Expended % Funded by Capacity Total Capacity Fees Usage Treatment -$ 0%-$ -$ -$ Agenda Item #2 October 10, 20231 Meeting Date: October 10, 2023 Agenda Item #2 Informational Item 8 9 3 Regular Meeting TO: Committee Members FROM: Chief Financial Officer SUBJECT: Review Resolution 2023.15 - Updating Water Capacity Fees RECOMMENDATION This agenda item is for informational purposes only, no action is required. BACKGROUND / ANALYSIS The District periodically reviews fees to ensure they are consistent with the policies of the District. At the November 13, 2019 regular Board Meeting, IB Consulting presented their 2019 Water and Wastewater Capacity Fee Study with proposed adjustments to District capacity fees charged to new development. The proposed fees were adopted and became effective January 1, 2020. Capacity fees are for new meter connections only and ensures new development pays for its' fair share to connect to the water system. Since the fee update almost four years ago, the District has finished the AMI implementation for small meters, and has been systematically replacing large meters, defined as meters 2” in diameter or greater. The large replacement meters differ from the legacy meters in that they utilize Ultrasonic technology to gather meter flow data. This technology has fewer moving parts internally, resulting in decreased head loss through the meter, and therefore allowing a greater “gallons per minute” volume capability (capacity ratio). The greater flow capability of the new large meters, which is significant, invalidates flow assumptions used to allocate costs based on meter size and the potential demand placed on the District’s water system calculated in the 2019 Capacity Fee Study. It was therefore necessary for the District to request that IB Consulting revise their calculations from the 2019 study to account for the increased flow capacity for new meters being used by the District. IB Consulting has completed their revised calculations and issued a Technical Memorandum with proposed adjustments to the capacity fees calculated in 2019. The adjusted fees for all meter sizes were then updated for Construction Cost Index increases that have occurred since 2019. It is incumbent on the District to ensure that rates/fees cover reasonable costs associated with providing a service. Updating the capacity fees to accommodate the higher flow capacities through the newer and more reliable meters will address the added capacity each meter now allows; insuring developers are paying their fair share Agenda Item #2 October 10, 20232 Meeting Date: October 10, 2023 Agenda Item #2 Informational Item 8 9 3 for the higher volumes to meet their project needs. It is important to note that this is not a full capacity fee study as adjustments being proposed only address the increase flow rates of meters 2 inches and larger, and adjustments for Construction Cost Index increases. A comprehensive capacity fee study, which considers the types and cost of new facilities to accommodate new development, will be started in calendar year 2024, after updates to the Water Master Plan are completed. AGENCY GOALS AND OBJECTIVES IV - Promote Planning, Maintenance and Preservation of District Resources B. Enhance Planning Efforts that Respond to Future Demands C. Dedicate Efforts Toward System Maintenance and Modernization FISCAL IMPACT There is no fiscal impact associated with this agenda item. Respectfully submitted: ________________ Brian Tompkins Chief Financial Officer ATTACHMENTS 1. Resolution 2023.15 2. Exhibit A - Schedule of Water and Wastewater Rates and Charges 3. IB Consulting 2019 Capacity Fee Study 4. IB Consulting 2023 Technical Memo 5. Public Hearing Notice East Valley Water District Resolution 2023.15 Page 1 of 3 8 7 9 RESOLUTION 2023.15 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE EAST VALLEY WATER DISTRICT ESTABLISHING A SCHEDULE OF RATES AND CHARGES RELATED TO THE PROVISION OF WATER AND WASTEWATER SERVICE AND SUPERSEDING RESOLUTION 2023.05 WHEREAS, East Valley Water District (“District”) is a county water district organized and operating pursuant to California Water Code Section 30000 et seq.; and WHEREAS, pursuant to applicable law, including but not limited to Water Code Sections 31007 and 31025, the District’s Board of Directors is authorized to adopt by resolution such rates and charges for incidental services related to the provision of water service and wastewater service by the District to implement the rules and regulations set forth in District Ordinance No. 403 and 404, and to yield an amount sufficient to pay for the services provided to District ratepayers and the regulatory costs incurred by the District in providing those services; and WHEREAS, Ordinances 403 and 404 provide that Rates and Charges, may be changed from time to time or new rates and charges may be established by resolution of the Board of Directors; and WHEREAS, Section 21080(b) (8) of the Public Resources Code provides that the establishment, modification, structuring, restructuring or approval of rates, tolls, fares, or other charges by public agencies are exempt from the requirements of the California Environmental Quality Act (CEQA) provided that certain findings are made specifying the basis for the claim of exemption; and WHEREAS, the District, in accordance with the requirements of Article XIIID of the Constitution of the State of California, has established rates and fees for property related services including water and wastewater treatment; and WHEREAS, the Board of Directors of the District deems it advisable and finds that it would be in the best interest of the District to amend or establish certain fees and charges, consistent with applicable constitutional and statutory requirements; and WHEREAS, Article XIIIC Section 1 of the Constitution of the State of California, excepts certain levies, fees and charges from the definition of “tax” thereby exempting such levies, fees and charges from the procedural requirements established by Article XIIID of the California Constitution; and WHEREAS, the District now wishes to establish fees and charges incidental and related to the provision of services for water and wastewater treatment, but which fees and charges are not for property related services as defined by Article XIIID of the Constitution of the State of California and which fees and charges may be established by resolution of the Board of Directors of the District; East Valley Water District Resolution 2023.15 Page 2 of 3 8 7 9 NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the District as follows: Section 1. It is hereby found and determined that the proposed changes to the Schedule of Water and Wastewater Rates and Charges as set forth in Exhibit “A” are within the purposes set forth in Section 21080(b) of the Public Resources Code, and therefore, that such changes are exempt from CEQA. Section 2. It is hereby found and determined that the capacity fees being increased hereby do not exceed the estimated reasonable cost of providing the service for which they are imposed and that said fees do not constitute a tax pursuant to Article XIIIC Section 1(e) of the California Constitution. Section 3. That the Secretary is hereby ordered and directed to post a certified copy of this Resolution in a public place within the District. This Resolution shall take effect as of the 11th day of October 2023. ADOPTED this 11th day of October 2023. ROLL CALL: Ayes: Noes: Absent: Abstain: Phillip R. Goodrich Board President East Valley Water District Resolution 2023.15 Page 3 of 3 8 7 9 ATTEST: Michael Moore Secretary, Board of Directors October 11, 2023 I HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution 2023.15 adopted by the Board of Directors of East Valley Water District at its Regular Meeting held October 11, 2023. Michael Moore Secretary, Board of Directors EXHIBIT “A ” EAST VALLEY WATER DISTRICT SCHEDULE O F WATER AND WASTEWATER RATES AND CHARGES UPDATED OCTOBER 11, 2023 i Table of Contents Section 1: Water Service Charges ................................................................... 4 Monthly Water System Charge ..................................................................... 4 Commodity Charges: Potable Water ............................................................ 4 Private Fire Protection Service ..................................................................... 5 1. Commercial Standby Charge ......................................................................... 5 2. Fire Hydrant Flow Test Fee (per fire hydrant) ................................................. 5 Temporary Water Service Connection .......................................................... 6 Monthly Service Charge .................................................................................. 6 1. Commodity Charge ....................................................................................... 6 2. Meter Deposit ............................................................................................... 6 3. Temporary Service Meter Availability Charge (for reading) .............................. 6 4. Unauthorized Use of Water Charge ................................................................ 6 New Account Fees for Water Services .......................................................... 7 1. Security Deposit ........................................................................................... 7 2. Service Initiation Charge ............................................................................... 7 Miscellaneous Water Service Charges and Fees ........................................... 7 1. AMI Opt-Out Fee .......................................................................................... 7 2. Delinquency Charge ...................................................................................... 7 3. Disconnection Notice Charge ......................................................................... 7 4. Meter Test Charge ........................................................................................ 7 5. Returned Payment Fee ................................................................................. 8 6. Service Reconnect Charge (after hours) ......................................................... 8 7. Service Reconnect Charge (business hours) ................................................... 8 Cross-Connection Control ............................................................................. 9 1. Backflow Installation Fee .............................................................................. 9 2. Backflow Inspection Fee (per inspection) ....................................................... 9 3. Initial Backflow Compliance Test (per device) ................................................. 9 ii 4. Backflow Annual Administration Fee (per device) ............................................ 9 5. Annual Backflow Compliance Test (per device) ............................................... 9 Section 2: Wastewater Service Charges ........................................................ 10 Monthly Wastewater Charge - Current ....................................................... 10 Collection Charges ........................................................................................ 10 Treatment Charges ....................................................................................... 11 Wastewater Charge - SNRC ........................................................................ 12 Section 3: Developer Services ....................................................................... 14 Water Capacity and Connection Fees ......................................................... 14 Water Capacity Fees ..................................................................................... 14 Water Connection Fees ................................................................................. 14 Service Installation Benchmark Costs ......................................................... 15 Wastewater Connection Fees ..................................................................... 16 Fire Service Connection Charges ................................................................ 16 Developer Services’ Charges and Fees ....................................................... 17 1. Availability Letter ........................................................................................ 17 2. Construction Inspection Charge (per day or actual cost) ............................... 17 3. Development Agreement (per agreement or actual cost) .............................. 17 4. Development and Engineering Research Fee ($95 per hr; 4-hr min) .............. 17 5. Development Meeting Fee ........................................................................... 18 6. Easement/Quitclaim Processing (per easement) ........................................... 18 7. Fire Hydrant Installation Charge (actual cost or 5% of estimate) ................... 18 8. General Water/Sewer Service Inquiry .......................................................... 18 9. New Construction Chlorination and Flushing Fee ($355 min to actual cost) .... 18 10. Sewer Manhole and Valve Can Deposit ........................................................ 18 11. Special Facility Charge ................................................................................ 19 12. Water Main Extension Charge ...................................................................... 19 13. Water Quality Sampling Fee (per sample) .................................................... 19 14. Water/Sewer Plan Checking Fee (per sheet) ................................................. 19 15. Water System Design Charge ...................................................................... 19 iii 16. Will Serve Letter ......................................................................................... 20 Section 4: Pretreatment Program ................................................................. 21 Penalties for Enforcement Response Plan Discharge Violations ................ 21 Penalties for Enforcement Response Plan Monitoring Violations .............. 22 Penalties for Enforcement Response Plan Reporting Violations ................ 23 Penalties for Enforcement Response Plan Permit Violations ..................... 24 Penalties for Enforcement Response Plan Miscellaneous Violations ......... 26 History of Revisions ........................................................................................ 27 4 Section 1: Water Service Charges Monthly Water System Charge The water system charge is the monthly availability charge applicable to all metered water services, and shall apply whether or not premises served by the meter are occupied. The charges, which vary by meter size, are established at the amounts listed in the table below. 7/1/2016 1/1/2022 1/1/2023 1/1/2024 5/8"23.06$ 24.01$ 24.74$ 25.49$ 3/4"29.27$ 30.85$ 31.78$ 32.74$ 1"41.71$ 44.52$ 45.86$ 47.24$ 1 1/2" 72.81$ 78.69$ 81.06$ 83.50$ 2"110.13$ 119.70$ 123.30$ 127.00$ 3"228.30$ 229.05$ 235.93$ 243.01$ 4"402.44$ 352.07$ 362.64$ 373.52$ 6"819.14$ 693.79$ 714.61$ 736.05$ 8" 1,503.28$ 1,923.98$ 1,981.70$ 2,041.16$ METER SIZE RATE EFFECTIVE DATE Commodity Charges: Potable Water Commodity Charges are billed on a per unit basis for water consumption registered by the water service meter. One unit is 100 cubic feet (HCF) of water, which is equal to 748 gallons. TIERS 1/1/2020 1/1/2022 1/1/2023 1/1/2024 Tier 1 - Indoor Use $ 1.83 $ 1.98 $ 2.04 $ 2.11 Tier 2 - Outdoor Use $ 2.61 $ 2.54 $ 2.62 $ 2.70 Tier 3 - Inefficient Use $ 3.64 $ 3.93 $ 4.05 $ 4.18 RATE EFFECTIVE DATE 5 The District has three price tiers with increasing rates per unit. The number of units a customer is billed in each tier is determined by their unique water budget. See Section 10 of the District’s Water Regulation and Service Ordinance for an explanation of water budgets. Private Fire Protection Service 1. Commercial Standby Charge The fire service standby charge is the monthly charge assessed per inch diameter of the District fire service meter. Water use through this service is limited to emergency fire requirements only. RATE EFFECTIVE DATE 7/1/2016 1"8.78$ 1 1/2"13.18$ 2"17.57$ 3"26.35$ 4"35.14$ 6"52.70$ 8"70.27$ 10"87.84$ METER SIZE 2. Fire Hydrant Flow Test Fee (per fire hydrant) The fire flow test charge is a flat rate established to cover the District’s time and effort for testing parts of the water system to obtain fire flow test data and calculate results as requested. The District will charge a one-time fee of $270 to administer fire flow tests. 6 Temporary Water Service Connection A temporary service is available through the use of a fire hydrant. A customer deposit for the temporary service will be required, and all other applicable service charges shall apply. Monthly Service Charge Refer to the schedule of Monthly Water System Charges for three inch (3”) meters. 1. Commodity Charge Commodity charges for temporary services shall be billed at the Tier 3 rates based on the Potable Water Commodity Rates. When available, and feasible, recycled water shall be used for temporary construction uses. The Commodity Charge shall be as follows: AREA RATE / 100 CUBIC FEET Potable Tier 3 Rate 2. Meter Deposit A deposit equal to the replacement cost of the construction meter shall be collected at the time of service application. Currently, the replacement cost is estimated to be $2,700. The deposit will be applied to the closing bill and any remaining amount refunded to the customer. Lost meters will result in forfeiture of the deposit. 3. Temporary Service Meter Availability Charge (for reading) If a hydrant/construction meter is not available for a monthly reading as prescribed by the District, a fee of $100 will be charged for each month the meter is not read in order to cover the cost of correcting billing records. 4. Unauthorized Use of Water Charge The unauthorized use of water charge shall be charged to any person, organization or agency for each unauthorized use of District water or for tampering in any manner with any meter belonging to the District where this tampering shall affect the accuracy of such meter. The unauthorized use of water charge is hereby established at the rate of $500 for a first occurrence and $1,000 for each subsequent occurrence. 7 New Account Fees for Water Services The following fees are applicable to all requests for new service, or transfer of an existing account to a new location: 1. Security Deposit A deposit of $150 will be required until a one-year payment history, with fewer than two delinquencies, has been established. The deposit insures payment of minimum District charges. 2. Service Initiation Charge The service initiation charge is a non-refundable charge of $35 per account, which covers the reasonable District costs for initiating water service. Miscellaneous Water Service Charges and Fees 1. AMI Opt-Out Fee This fee covers the cost to manually read the meter and will be charged when a customer requests to Opt-Out; that the District not install an Automated Metering Infrastructure (AMI) meter information unit to serve their property. 2. Delinquency Charge Rates and charges which are not paid on or before the due dates shall be subject to interest charges. Interest will be calculated at a rate of one and one-half percent (1 ½%) on all amounts that remain unpaid at the end of each billing cycle. 3. Disconnection Notice Charge The disconnect notice charge is the charge which covers reasonable District costs to notify customers that their water service is subject to impending termination. 4. Meter Test Charge The meter test charge is the charge which covers the District costs for removing, bench testing, and reinstalling the water meter to be tested. 8 5. Returned Payment Fee A returned payment charge is a charge which covers the reasonable administrative cost and banking charges for processing a returned check, or to respond to a disputed charge where a payment card was fraudulently used to make payment on an account. 6. Service Reconnect Charge (after hours) The service reconnect charge is the charge which covers the reasonable District costs for disconnection and reconnection during non-business hours, of service connections which are in violation of the provisions contained herein. 7. Service Reconnect Charge (business hours) The service reconnect charge is the charge which covers the reasonable District costs for disconnection and reconnection during regular business hours, of service connections which are in violation of the provisions contained herein. Summary of charges/fees for Miscellaneous Water Service: CHARGE OR FEE NAME CHARGE/FEE AMI Opt-Out Fee $13 (per month) Delinquency Charge 1.5% Disconnection Notice Charge $30 Fire Hydrant Flow Test Fee $270 (per fire hydrant) Meter Deposit $2,700 Meter Test Charge $65 Returned Payment Fee $25 Service Initiation Charge $35 (per account) Service Reconnect Charge (after hours)$150 Service Reconnect Charge (business hours)$50 Temporary Service Meter Availability Charge (for reading)$100 Unauthorized Use of Water Charge $500 (first occurrence) Unauthorized Use of Water Charge $1,000 (each subsequent occurrence) 9 Cross-Connection Control In order to prevent water from flowing backward into the District’s water distribution system, a backflow device must be installed by all commercial/irrigation and multi-family customers with four (4) or more units serviced. All backflow devices must be inspected upon installation and tested annually for compliance. Compliance testing may be performed by a certified backflow tester and results shall be submitted to the District. Installation of new backflow prevention assemblies are typically completed by the owner’s contractor, if staff performs the installation, it will be billed at actual cost. 1. Backflow Installation Fee The charge for installation will be based on actual cost to the customer, and will be billed accordingly. 2. Backflow Inspection Fee (per inspection) A fee of $145 will be charged for each standard backflow inspection of newly installed backflow prevention devices, in accordance with District Standards, and inspected by District staff. 3. Initial Backflow Compliance Test (per device) A fee of $60 will be charged to the customer for the initial backflow compliance test performed by certified District staff. 4. Backflow Annual Administration Fee (per device) The District shall appoint at least one person trained in cross-connection control to administer and ensure all District standards are met. This backflow annual administration fee will be assessed annually. 5. Annual Backflow Compliance Test (per device) A fee of $5 per month will be charged to the customer when the annual backflow compliance test is performed by certified District staff. The customer will only be billed as a $60 lump sum when District standards regarding the inspection, testing, and maintenance of customer-owned backflow assemblies are not followed. See Section 9 of the District’s Water Regulation and Service Ordinance for an explanation of Inspection, Testing and Maintenance. 10 Summary of charges/fees for Cross-Connection Control: CHARGE OR FEE NAME CHARGE / FEE Backflow Installation Fee actual cost Backflow Inspection Fee $145 (per inspection) Initial Backflow Compliance Test $60 (per device) Annual Backflow Administration Fee $15 (per device) Annual Backflow Compliance Test $60 (per device) Section 2: Wastewater Service Charges Monthly Wastewater Charge - Current Collection Charges Collection charges were established to maintain the District's wastewater collection lines. A. Residential Customers (1 – 3 units) The collection charge for residential customers is a monthly fixed charge. CUSTOMER CLASS MONTHLY CHARGE Residential 15.36$ B. Commercial Customers The collection charges for commercial customers include a small fixed charge plus a volumetric charge (water usage). CUSTOMER CLASS MONTHLY FIXED CHARGE Commercial/Multi-Family 3.90$ Volumetric Charge per hundred cubic feet (HCF) of water used: 11 COMMERCIAL CUSTOMER TYPE CHARGE PER HCF Multi-Family (4 or more units, Mobile Home Park)0.55$ Commercial/Retail (Non-Office, Bakery, Market)0.55$ Restaurant/Lounge 0.55$ Laundromat 0.55$ Dry Cleaner 0.55$ School/Church (Daycare, Nursery School)0.55$ Office Building/Motel (without a restroom, Municipality)0.55$ Convalescent Home 0.55$ Treatment Charges The District pays treatment charges established by the City of San Bernardino for the operation and maintenance of their wastewater treatment facilities. Any future increases made by the City over the next five years following the previous public hearing, held on January 25, 2017, may be automatically passed through and incorporated herein by this reference, by action of the District’s Board of Directors to the extent authorized by Government Code Section 53756 and any other applicable provision of law. A. Residential Customers Treatment charges for residential customers are a monthly fixed charge. RATE EFFECTIVE DATE 7/1/2017 Residential 21.55$ Multi-Family (2 Units)43.10$ Multi-Family (3 Units)64.64$ CUSTOMER CLASS B. Commercial Customers Treatment charges for commercial customers include a small fixed plus a volumetric charge (water usage) which varies depending on the nature of the commercial entity. Fixed Charges: 7/1/2017 Multi-Family (4+ Units), Mobile Home Parks 1.97$ Non-Residential Customer Classes 3.52$ CUSTOMER CLASS RATE EFFECTIVE DATE 12 Volumetric Charges (per HCF): 7/1/2017 Multi-Family (4+ Units), Mobile Home Parks 1.53$ Commercial / Retail 2.55$ Restaurants / Lounges 3.28$ Laundromats 1.83$ Dry Cleaners 2.55$ Schools / Churches 1.33$ Governments / Municipal 1.83$ Convalescent Homes 1.63$ Hotels (with Restaurants)3.28$ Offices Buildings / Motels 1.83$ Auto Repair / Service Station 1.58$ Car Wash 1.58$ RATE EFFECTIVE DATECUSTOMER CLASS Wastewater Charge - SNRC The commencement of operations at the District’s new Sterling Natural Resource Center Water Reclamation Plant will require that the District transition from charging rates established by the City of San Bernardino, to rates that were adopted as the result of a wastewater Cost of Service Analysis conducted on District operations and facilities. Wastewater charges consist of both a Collection (System) component and a treatment component, and includes both fixed charges, and charges based on water usage. An explanation of how these charges apply to different customer classes is explained below. A. Residential Customers The collection and treatment charges for residential customers is a monthly fixed charge for each dwelling unit. Accounts with 1-3 dwelling units are classified as single- family residential customers; accounts with 4 or more dwelling units are classified as multi-family residential customers. 13 Collection Treatment Collection Treatment Collection Treatment Single-Family Residential Fixed Monthly Charges 14.25$ 23.37$ 15.25$ 25.01$ 16.32$ 26.77$ Multi-Family Residential Fixed Monthly Charges 13.46$ 20.86$ 14.41$ 22.33$ 15.42$ 23.90$ RATE EFFECTIVE DATE 1/1/2023 1/1/20245/1/2022 B. Commercial / Non-Residential Customers The collection and treatment charges for non-residential customers consist of monthly fixed charges, assessed per account, and a volumetric charge assessed for each unit of water (HCF) used for the account during the billing period. The volumetric charge varies based on the strength/concentration factors of the wastewater discharged by commercial customers. Customers are assigned to a strength category based on industry standards. Fixed Monthly Charges: Collection Treatment Collection Treatment Collection Treatment 10.33$ 10.83$ 11.06$ 11.59$ 11.84$ 12.41$ RATE EFFECTIVE DATE 5/1/2022 1/1/2023 1/1/2024 Volumetric Charges per HCF of Water Usage: Collection Treatment Collection Treatment Collection Treatment Low Strength Dischargers 0.35$ 0.96$ 0.38$ 1.03$ 0.41$ 1.11$ Medium Strength Dischargers 0.46$ 1.53$ 0.50$ 1.64$ 0.54$ 1.76$ High Strength Dischargers 0.46$ 3.42$ 0.50$ 3.66$ 0.54$ 3.92$ Patton State Hospital 0.57$ 1.79$ 0.61$ 1.92$ 0.66$ 2.06$ RATE EFFECTIVE DATE 5/1/2022 1/1/2023 1/1/2024 14 Section 3: Developer Services Water Capacity and Connection Fees Water Capacity Fees A “Capacity Charge” is defined within GC 66013 as a charge for public facilities in existence at the time a charge is imposed or charges for new facilities to be constructed in the future that is of benefit to the person or property being charged. Capacity fees ensure new development pays its fair share to connect to the system and does not cause additional burdens to current customers. Capital and infrastructure costs required to meet new demand/connections should be paid by those creating the cost to be incurred. On July 1 of each year Water Capacity Charges will automatically increase in proportion to the published 12-month increase measured in September each year in the Construction Cost Index, unless the EVWD Board of Directors determines that such an increase shall not be effective for the next succeeding fiscal year, or if the index does not increase or change. Water Connection Fees The water meter connection charge is the charge for installation and materials between the service angle stop and customer connection side within the meter box. Such regular charge shall be paid in advance by the applicant. Cost varies for the requested meter size and type. Service line connections to the main are separate from this fee and would be an additional non-regular charge. Where there is a non-regular charge, the District reserves the right to require the applicant to deposit an amount equal to the estimated cost of such service connection. 15 RATE EFFECTIVE DATE 7/1/2023 RATE EFFECTIVE DATE 10/11/2023 3/4" T-10 8,417$ 9,531$ 930$ 3/4" Mach 10 8,417$ 9,531$ 1,035$ 1"14,030$ 15,884$ 1,100$ 1 1/2"28,060$ 31,766$ 1,495$ 2"44,895$ 50,826$ 1,780$ 3"89,790$ 158,832$ 7,515$ 4"140,297$ 397,081$ 10,030$ 6"280,595$ 635,327$ 15,875$ 8"785,667$ 1,270,665$ 17,360$ 10"1,178,500$ 2,064,814$ 22,355$ 12"2,244,790$ 2,541,308$ 2,244,790$ CAPACITY CHARGE METER CONNECTION CHARGE METER SIZE Service Installation Benchmark Costs Installation charges will be estimated by the District based on availability of District staff to complete the work-site specific construction conditions and requirements. The costs in the table shown are benchmarks, or cost references to begin from, for a short or long- side service installation based on requested meter size. Permitting, paving/concrete costs, and non-typical conditions are not included and will need to be assessed per connection, on a case-by-case basis. If the applicant elects not to have District staff complete the installation, then an administrative fee of 5% of the estimate will be charged. 16 METER SIZE SHORT SIDE LATERAL LONG SIDE LATERAL 3/4" T-10 6,005$ 11,030$ 3/4" Mach - 10 6,110$ 11,135$ 1"6,035$ 11,060$ 1 1/2"6,420$ 11,445$ 2"6,640$ 11,665$ 3"14,765$ 22,690$ 4"17,210$ 25,135$ 6"22,985$ 30,915$ 8"24,470$ 32,395$ 10"29,465$ 37,390$ Wastewater Connection Fees The sewer service connection charge is the charge for the type and size of service connection desired. Such regular charge shall be paid in advance by the applicant. Where there is no such regular charge, the District reserves the right to require the applicant to deposit an amount equal to the estimated cost of such service connection. The following charges are hereby established and shall be collected at the time of application for sewer connection: CHARGE OR FEE NAME Permit Charge $ 275 per connection Inspection Charge $ 100 per connection (per visit) Capacity Charge $ 8,803 per EDU or portion thereof CHARGE / FEE On July 1 of each year Wastewater Capacity Charges will automatically increase in proportion to the published 12-month increase measured in September each year in the Construction Cost Index, unless the EVWD Board of Directors determines that such an increase shall not be effective for the next succeeding fiscal year, or if the index does not increase or change. Fire Service Connection Charges The fire service charge is the charge for the type and size of fire service connection desired. Such regular charge shall be paid in advance by the applicant. Where there is no 17 regular charge, the District reserves the right to require the applicant to deposit an amount equal to the estimated cost of such service connection. Installation charges will be estimated by the District based on availability of District staff to complete the work and site-specific construction conditions and requirements. If the applicant elects not to have District staff complete the installation then an administrative fee of 5% of the estimate will be charged. Developer Services’ Charges and Fees 1. Availability Letter A fee of $155 will be charged for a water or sewer verification letter inquiry. 2. Construction Inspection Charge (per day or actual cost) Where a customer service connection or facility requires inspection by District personnel, the customer shall be charged for such inspection at the rate of $905 per day. When District personnel are not available, inspection will be performed by third party inspectors retained by the District. The hourly rate for third-party inspectors will be established at the beginning of each third-party inspection assignment. 3. Development Agreement (per agreement or actual cost) A Development Agreement is required whenever a project will include the design and construction of water or sewer facilities which will be dedicated to the District. This $1,375 minimum fee will cover the cost to initiate and execute a Development Agreement with the District. 4. Development and Engineering Research Fee ($95 per hr; 4-hr min) This fee will provide funding for Engineering staff to conduct research of existing accounts, easements, and other development related materials. This would only apply to obtaining information for Developers that is unique to their development area and not general information, such as fee schedules or District design standards. Utility Requests and providing of As-builts or other locating documentation is not included in this fee. This fee also encompasses the District’s time and effort spent on assisting customers who have a requirement to construct water or sewer facilities, which must meet District needs and conform to District standards. 18 5. Development Meeting Fee (per meeting, after first meeting) This $475 per meeting fee will provide funding for Engineering staff to prepare for and attend, meetings with developers regarding their projects beyond the initial project consultation meeting and set-up. This fee will primarily impact larger, more complex developments which may require multiple coordination meetings with staff. 6. Easement/Quitclaim Processing (per easement) A minimum fee of $975 will be charged for review and recordation of each Easement or Quitclaim document. If complexity of the legal document requires more time, legal counsel, or land surveyor counsel, actual costs beyond the minimum will be collected. 7. Fire Hydrant Installation Charge (actual cost or 5% of estimate) Installation charges will be estimated by the District based on availability of District staff to complete the work and site-specific construction conditions and requirements. If the applicant elects not to have District staff complete the installation, an administrative fee of 5% of the estimate will be charged. 8. General Water/Sewer Service Inquiry A fee of $75 will be charged for a Technician’s time for general inquiries for service to a parcel. This inquiry usually arises from realtors and small developers. 9. New Construction Chlorination and Flushing Fee ($355 min to actual cost) A minimum fee of $355 will be charged for new construction disinfection plan review, inspection, and flushing prior to sampling. 10. Sewer Manhole and Valve Can Deposit A refundable deposit of $1,500 per manhole will be charged for each sewer manhole structure shown on the sewer construction plans. A refundable deposit of $500 per valve can will be charged for each valve can shown on the water construction plans. These deposits will be returned when all manholes and valve cans are constructed to final grade by the Developer’s contractor and verified by the District. As an alternative to the manhole and valve can deposit, a guarantee bond may be provided in the same amount as the deposit. The guarantee bond shall contain covenants that are satisfactory to the District. Such bond shall remain in force until all manholes and valve cans are constructed to final grade by the Developer’s contractor and verified by the District. 19 11. Special Facility Charge A special facility charge shall be required for development of limited service whenever special facilities, including pressure regulators are required. The charge to be made to a developer or owner of land that is considered by the District to be within a limited service area shall be based upon the Developer’s or Landowner’s proportionate share of the cost for the installation of such Special Facility. Such proportionate share to be borne by the developer or landowner shall be based on the percentage of such development to the entire limited service area to be served by the Special Facilities; and the same number of acres or area under normal conditions and the cost of facilities to serve the acreage of area under special conditions at a higher cost. 12. Water Main Extension Charge The water main extension charge is for the construction of a water main extending to the far side of the property to be served. This charge shall be based on the prevailing rates of time and material per District approved plans. The customer shall be responsible to provide the plans and for all applicable Water/Sewer Plan Checking charges described below. 13. Water Quality Sampling Fee (per sample) A fee of $135 will be charged for each water quality sample taken for new construction. 14. Water/Sewer Plan Checking Fee (per sheet) This $800 fee is collected per sheet and is a minimum that will cover up to three in- house plan checks. When District personnel are not available, plan checking will be performed by third-party Engineers retained by the District. The hourly rate and estimate for three plan checks for third-party plan checkers will be established at the beginning of each third-party plan checking assignment. The minimum fee per sheet established can be collected initially to begin plan checking and the Developer will deposit the difference to cover the third-party’s plan check cost to the District. Should more than three plan checks be required, additional funds may be deposited to bill against, and hours will be billed at the Engineering Research Fee or the cost of the third-party Engineer. Plan checking costs shall be paid before plans are returned. 15. Water System Design Charge A water system design charge shall be required for all main extensions, service 20 connections and/or special facilities requiring the preparation of engineering plans and drawings. The water system design charge is hereby established as the fee charged by an Engineering firm of the District’s choosing, plus an additional 10% thereof for the District’s administrative costs. In the event the costs exceed the fees charged, the additional cost will be billed to the customer. 16. Will Serve Letter Once a Developer has compiled or met all the items needed to make the request for a Will Serve Letter, per the Development Guidelines and Procedures Handbook, they may request and pay a minimum fee of $575 to review and evaluate the infrastructure needs for a proposed project within the District’s service area. Should additional time be required for reviewing the project information and to prepare the document, the hourly rate established for the Engineering Research Fee shall be assessed in addition to the minimum fee . Summary of charges/fees for Developer Services: CHARGE OR FEE NAME CHARGE / FEE Availability Letter $155 Construction Inspection Charge $905 (per day) or actual cost Development Agreement $1,375 (per agreement; min to actual cost) Development and Engineering Research Fee $95 (flat rate, per 4-hr min) Development Meeting Fee $475 (per meeting, after first meeting) Easement/Quitclaim Processing $975 (per easement) Fire Hydrant Installation Charge actual cost or 5% of estimate General Water/Sewer Service Inquiry Fee $75 New Construction Chlorination and Flushing Fee $355 (min to actual cost) Sewer Manhole and Valve Can Deposit $1,500 (per manhole); $500 (per valve can) Special Facility Charge Based on proportionate share of Developer or Landowner share of the installation of Special Facility Water Main Extension Charge Based on prevailing rates of time and material per District approved plans Water Quality Sampling Fee $135 (per sample) Water/Sewer Plan Checking Fee $800 (per sheet; 3 plan checks) Water System Design Charge actual cost + 10% for administrative costs Will Serve Letter $575 (min fee) 21 Section 4: Pretreatment Program The District performed permit related activities will include permit processing, inspections and monitoring. The following fees are anticipated to cover the annual costs for each class of dischargers for the Pretreatment Program. Class* Annual Fee I User $2,000 II User $1,000 III User $150 IV User $500 V User $200 VI User $150 *Descriptions of each user type are defined in the East Valley Water District Sewer Regulations and Service Charge Ordinance, definitions section. Penalties for Enforcement Response Plan Discharge Violations The District may assess a penalty against a person or entity in compliance with the requirements of ordinances, and enforcement response plan guidelines. Violation & Circumstances Penalty First Discharge Violation in a 12-month Period - No harm to POTW None Second Discharge Violation in a 12-month Period - No harm to POTW $100 NMP Violation(s) —Does not result in Acute Non- Compliance $100 22 NMP Violation(s) – Acute Non-Compliance $100, $100, $500, $1000, each subsequent violation Any discharge violation(s) that result in Quarterly SNC status $100, $100, $500, each subsequent violation Any discharge violation(s) that result in pass-through, sludge contamination, or interference $1,000 or as determined by District review Dilution of Wastestream — First offense None Dilution of Wastestream — Repeat offense(s) $100 Continuous pH Monitoring indicates noncompliance $100 Septic Waste Discharged at non-authorized site or in noncompliance with limitations at the POTW — First Offense $100 Septic Waste Discharged at non-authorized site or in noncompliance with limitations at the POTW — Repeat Offense(s) $100, $1,000 or as determined by the District Discharge of any prohibited Waste — First Offense $100 Discharge of any prohibited waste — Repeat Offense(s) $100, $100, $1000 or as determined by the District Penalties for Enforcement Response Plan Monitoring Violations The District may assess a penalty against a person or entity in compliance with the requirements of ordinances, and enforcement response plan guidelines. Violation & Circumstances Penalty Failure to sample or resample within required timeframes — Doesn’t result in Acute Non-Compliance None 23 Failure to sample or resample within required timeframes — Results in Acute Non-Compliance $100 Improper Sample Location — First offense None Improper Sample Location — Repeat offense(s) $100, $500 for subsequent violations Improper sample collection or analytical methods — First offense None Improper sample collection or analytical methods — Repeat offense(s) $100, $500 for subsequent violations Failure to monitor for all required pollutants — First offense None Failure to monitor for all required pollutants — Repeat offense(s) $100, $500, $1000 for subsequent violations Failure to properly maintain or operate Flow monitoring or pretreatment equipment — First offense. None Failure to properly maintain or operate Flow monitoring or pretreatment equipment— Repeat offense(s) $100, $500, $1000 for subsequent violations Failure to install required monitoring or flow equipment — First offense. $100 Failure to install required monitoring or flow equipment — Repeat offense(s) $100/day Penalties for Enforcement Response Plan Reporting Violations The District may assess a penalty against a person or entity in compliance with the requirements of ordinances, and enforcement response plan guidelines. Violation & Circumstances Penalty Failure to maintain records or reports as required by permit — First offense None 24 Failure to maintain records or reports as required by permit — Repeat offense(s) $100 Failure to submit records, reports, or correspondence — less than 5 days late None Failure to submit records, reports, or correspondence — between 5 and 45 days late. $100 Failure to submit records, reports, or correspondence — Over 45 days late – Significant Non-Compliance $100, $500, $1000 for subsequent violations Failure to report SMR Discharge violation — First offense None Failure to report SMR Discharge violation — Repeat offense(s) $100 Failure to report Slug Load or spill discharge violation — First offense & no harm None Failure to report Slug Load or spill discharge violation — Repeat offense(s) — No harm $100 Failure to report Slug Load or spill discharge violation – Harm $250, $500, $1000 and $1500 for subsequent violations Failure to submit additional monitoring — First offense None Failure to submit additional monitoringRepeat offense(s) $100 Penalties for Enforcement Response Plan Permit Violations The District may assess a penalty against a person or entity in compliance with the requirements of ordinances, and enforcement response plan guidelines. Violation & Circumstances Penalty 25 Failure to submit permit application or renewal by due date None Failure to submit permit application renewal before current permit expires $100 Failure to submit permit application that results in a permit reclassification $100 Failure to comply with any permit condition of requirement — First offense $100 Failure to comply with any permit condition or requirement — Repeat offense(s) $100, $500, $1000 for subsequent violations Unauthorized or Unpermitted Discharge — first offense — No harm to POTW None Unauthorized or Unpermitted Discharge — Repeat offense(s) — No harm to POTW $100 Unauthorized or Unpermitted Discharge — First offense — Harm to the POTW $100, $500, $1000 depending of severity Unauthorized or Unpermitted Discharge — Repeat offense(s) — Harm to the POTW $100, $500, $1000 or as determined by District review Failure to submit required permit information or any process modification — First offense None Failure to submit required permit information or any process modification — Repeat offense(s) $100 Failure to implement any plan required by the permit (i.e. slug load, spill prevention, TOMP, etc.) — First offense $100 Failure to implement any plan required by the permit (i.e. slug load, spill prevention, TOMP, etc.) — Repeat offense(s) $100, $500, $1000 for subsequent violations 26 Penalties for Enforcement Response Plan Miscellaneous Violations The District may assess a penalty against a person or entity in compliance with the requirements of ordinances, and enforcement response plan guidelines. Violation & Circumstances Penalty Denial of entry to perform monitoring or inspections — first offense None Denial of entry to perform monitoring or inspections — Repeat offense(s) $100, $500, $1000 for subsequent violations Spill containment not present or inadequate — First offense None Spill containment not present or inadequate — Repeat offense(s) $100 Spill containment area not properly maintained — First offense None Spill containment area not properly maintained — Repeat offense(s) $100, $500, $1000 for subsequent violations Illegal water softening equipment installed — First offense None Illegal water softening equipment installed — Repeat offense(s) $100, $500, $1000 for subsequent violations Failure to implement Best Management Practices (BMPs) — First offense None Failure to implement Best Management Practices (BMPs) — Repeat offense(s) $100, $500, $1000 for subsequent violations 27 History of Revisions DATE ADOPTED RESOLUTION UPDATED OR RESCINDED REVISION DATE EFFECTIVE 10/11/23 2023.15 2023.05 Update Water Capacity Fees 10/11/23 Pass-Through N/A N/A Update Capacity Fees (per Cost Construction Index)07/01/23 03/22/23 2023.05 2021.13 Addition of Pretreatment Program Penalties 04/01/23 Pass-Through N/A N/A Update Capacity Fees (per Cost Construction Index)07/01/22 08/11/21 2021.13 2021.07 Update AMI Opt-Out Fee 09/01/21 Pass-Through N/A N/A Update Capacity Fees (per Cost Construction Index)07/01/21 05/12/21 2021.08 2019.19 Update Water and Wastewater Charges 01/01/22 05/12/21 2021.07 2019.19 Update Miscellaneous and Development Fees 06/01/21 Pass-Through N/A N/A Update Capacity Fees (per Cost Construction Index)07/01/20 12/11/19 2019.19 2019.06 Update Miscellaneous and Capacity Fees 01/01/20 05/22/19 2019.06 2017.07 Update Water Charges 01/01/20 07/11/18 2018.12 2017.01 Update Wastewater Charges 08/12/18 05/24/17 2017.07 2017.01 Update Water Charges 07/01/17 01/25/17 2017.01 2016.05 Update Wastewater Treatment Charges and Renew 5-Year Pass-Through Provision 07/01/17 02/24/16 2016.05 2015.04 Update Wastewater Charges and Miscellaneous Fees 04/01/16 03/25/15 2015.04 2014.32 Implement Water Budget Based Rates 06/01/15 03/25/15 2015.04 Ord 391 Update Wastewater Charges 06/01/15 IB Consulting, LLC 31938 Temecula Parkway, Suite A #350 Temecula, CA. 92592 Capacity Fee Study East Valley Water District December 11, 2019 East Valley Water District – Capacity Fee Study Page | 2 TABLE OF CONTENTS Executive Summary ......................................................................................................................... 3 Overview .......................................................................................................................................... 4 Capacity Fee Methodology ............................................................................................................... 5 Existing System Demand and Future Development ......................................................................... 8 Utility Asset Values ........................................................................................................................... 9 Capacity Charge Analysis .............................................................................................................. 12 Updated Capacity Fees .................................................................................................................. 16 TABLES Table 1 - 2019 Master Plan Demand Projections ............................................................................. 8 Table 2– Water Asset Replacement Cost Less Depreciation ......................................................... 10 Table 3– Wastewater Asset Replacement Cost Less Depreciation ............................................... 10 Table 4– Utility Net RCLD .............................................................................................................. 11 Table 5– Existing Water Meter Equivalents .................................................................................... 12 Table 6– Water Buy-In by Asset Category ..................................................................................... 13 Table 7– Wastewater Buy-In by Asset Category ............................................................................ 14 Table 8– Water Incremental Cost Component ............................................................................... 14 Table 9– Wastewater Incremental Cost Component ...................................................................... 15 Table 10– Water Proposed Capacity Fee ...................................................................................... 16 Table 11– Wastewater Proposed Capacity Fee ............................................................................. 16 FIGURES Figure 1 – Capacity Fee Analysis ..................................................................................................... 5 Figure 2 – Asset Valuation ............................................................................................................... 6 East Valley Water District – Capacity Fee Study Page | 3 Executive Summary In June 2019, East Valley Water District (District) engaged IB Consulting, LLC (IBC) to complete a capacity charge nexus study for its water and wastewater enterprises. This Water and Wastewater Capacity Fee Study Report (Report) describes the approach, methodology, and technical analysis used to derive updated capacity charges per California State Government Code, Section 66013 (GC 66013). GC 66013 allows an agency to charge the estimated reasonable cost to serve a new connection for which the charge is imposed. Currently, the District’s water capacity charge is $5,200 for a 3/4” meter, and the wastewater capacity charge is $5,905 for a single-family residential connection, defined as one Equivalent Dwelling Unit (1 EDU). The District’s capacity charges were last updated in 2014 and have not been increased or indexed annually to keep pace with the cost of construction. The updated capacity charge for water includes two primary components: 1) a Buy-In component for existing facilities and 2) an Incremental component for a new water treatment plant. The wastewater capacity charge also includes two components: 1) a Buy-In component for existing collection facilities and 2) an Incremental component for the Sterling Natural Resource Center (SNRC) and the upsizing of specific pipeline facilities required to accommodate additional demand from new development. The analysis contained in this Report justifies modifying the water capacity charges to $7,228 per 3/4” meter, and the wastewater capacity charges to $7,560 per EDU. These updated charges proportionately recover new development’s share of facility costs in existence and new public facilities to be acquired or constructed over a 20-year planning horizon (2040) (Planning Horizon). In addition to new connections, current customers expanding their capacity at an existing connection will also pay for the incremental demand placed on the water and wastewater systems. East Valley Water District – Capacity Fee Study Page | 4 Overview Capacity Fees A “Capacity Charge” is defined within GC 66013 as a charge for public facilities in existence at the time a charge is imposed or charges for new facilities to be constructed in the future that is of benefit to the person or property being charged. Capacity fees ensure new development pays its fair share to connect to the system and does not cause additional burdens to current customers. Capital and infrastructure costs required to meet new demand/connections should be paid by those creating the cost to be incurred. Based on the requirements of GC 66013, capacity charges must be based on the “reasonable cost” to accommodate additional demand from new development or the expansion of existing development. In addition, the State Constitution was amended through the approval of Proposition 26 in 2010, which redefined a “tax” as any levy, charge, or exaction of any kind imposed by a local government. However, seven exemptions are part of Proposition 26, including cost-based charges imposed as a condition of property development (i.e. capacity charges) so long as a reasonable relationship between the charges and cost of facilities are linked. Therefore, the nexus study summarized in this Report connects the proposed charge to the reasonable cost of improvements in compliance with the Proposition 26 exemption. District Background The District is located in the high-desert of San Bernardino County (County) and consists of the entire City of Highland, portions of the City of San Bernardino, and unincorporated areas of the County. The District spans almost 18,000 acres and currently serves a population of approximately 103,000. Since the District’s inception in 1954, it now provides both water and wastewater service to its customers. The District recently completed a new Master Plan for each of the two utility systems (Water Master Plan and Wastewater Master Plan, or collectively Master Plans). Based on the Master Plans, the population is expected to be approximately 142,000 by the year 2040, representing a 37 percent increase in population. This population growth results in increased water demands, water supply requirements, and wastewater capacity needs. Based on the District’s current system assets and planned improvements required to accommodate growth, the proposed capacity charges for water and wastewater include both a Buy-In component and an Incremental component. The Buy-In component is calculated by determining the Replacement Cost of assets Less Depreciation (RCLD). The District has a significant amount of backbone infrastructure available to accommodate growth, and the existing assets serve as a proxy to determine the current facility standards serving existing customers. In addition to existing infrastructure, the Master Plans identify specific capital improvements required to accommodate growth through 2040. The Incremental component of the proposed water capacity fee includes a new eastside water treatment plant. For wastewater, the Incremental component consists of the SNRC and the necessary upsizing of existing facilities. East Valley Water District – Capacity Fee Study Page | 5 Capacity Fee Methodology There are four primary steps in calculating capacity fees: (1) determine demand and define the baseline requirements for a connection, meter equivalent, or equivalent dwelling unit based on planning documents, 2) calculate the capital costs required to serve new or expanding connection, (3) determine any credits or offsets to apply towards the total capital costs, such as grants, existing debt obligations, and available funding through previously collected capacity fees, and (4) apportion the capital costs equitably to various types of connections based on the demand placed on the utility system to ensure a fair share allocation. Figure 1 – Capacity Fee Analysis In addition to the four steps above, the three primary approaches for calculating capacity fees, are the “Buy- In Approach,” “Incremental-Cost Approach,” and “Hybrid Approach.” The Hybrid Approach accounts for both a buy-in component and an incremental component. Additional considerations may be required to allocate costs between existing and new customers appropriately and to ensure no duplication of cost occurs. The selected approach primary depends on the unique circumstances of the utility, such as existing build-out of the service area, expected future growth, exiting infrastructure capacity, and access to up to date planning documents/master plans. East Valley Water District – Capacity Fee Study Page | 6 Buy-In Approach The system Buy-In Approach accounts for the current facility standard that existing customers receive through their service. Using this approach ensures that new development buys-in to the utility system and funds the necessary improvements to maintain and receive the same level of service experienced by today’s customers. Therefore, new development pays an amount equal to their fair share of the system. This approach eliminates any potential funding of existing system deficiencies as the District’s current asset inventory only reflects improvements that are in the ground today. The basis of the Buy-In approach is the value of the existing system. System assets may be valued in a few different ways. Options include using the original cost of the improvements (OC), original cost less depreciation of system assets to account for the time improvements are in service (OCLD), replacement cost of the improvements by bringing the original cost into today’s dollars (RC), and replacement cost less depreciation which brings both the original cost and the accumulated depreciation value into today’s dollars (RCLD). The most common valuation technique is RCLD. Using RCLD generates a system value based on today’s cost of the improvements by indexing the original cost by an appropriate indicator that reflects the change in cost over time, while also accounting for years in service. For this analysis, we calculate RCLD by using the Construction Cost Index (CCI), published by Engineer’s News-Record. Figure 2 – Asset Valuation Once the system value is determined, dividing the total value by total existing demand derives a value per unit of demand. Demand is commonly used for system design. It is a primary driver for the current configuration of the system and how the system expands in the future. Using meter size and the corresponding meter capacity (water flow demand in gallons per minute) provides a means to derive a value per Meter Equivalent (ME). This approach is suited for agencies that 1) have built most of their facilities in advance with only a small portion of facilities needed for build-out, 2) don’t have an adopted long-term capital improvement plan, or 3) the “build-out” date is so far out in the future that it is difficult to project growth accurately and required facilities. East Valley Water District – Capacity Fee Study Page | 7 Incremental Cost Approach The Incremental Cost Approach is based on the principle that new development should pay for improvements required to connect them to the system, including the need for any additional capacity and/or expansions. This approach is typically used when there are specific capital improvements identified within planning documents that are needed for growth to occur. The Incremental Cost Approach uses the District’s most recent Master Plan to determine growth-related improvements. Projects associated with routine repair & replacement are not included, and any improvements identified within the Master Plan that are required to address existing deficiencies are removed. Also, specific projects within the Master Plan may benefit both existing and new development. In these instances, new development only pays its proportionate share based on the demand or capacity taken from these projects. As part of this study, there is one capital project included using the Incremental Cost Approach for water and capital expansions required for wastewater. The District plans to construct a new water treatment plant on the east side of the District’s service area. The treatment plant will treat surface water from the Santa Ana River and serve the additional demand generated by new development. The Eastside Water Treatment Plant is currently sized with a capacity of 3 Million Gallons per Day (MGD). A rate per gallon of capacity will be derived to charge new development based on their proportional share of the capacity in the new plant. The Wastewater Incremental component includes the new SNRC as well as certain upsizing of facilities within the Wastewater Master Plan required for growth to occur. Hybrid Approach The Hybrid Approach is utilized when the existing system has available capacity and/or is substantially built while specific capital improvements are clearly identified and needed to serve new development. Given that the District has a significant amount of backbone infrastructure already built for its water and wastewater systems and has a recently updated master plan that identifies additional improvements needed to serve new development, the Hybrid Approach was used for updating the District’s capacity fees. East Valley Water District – Capacity Fee Study Page | 8 Existing System Demand and Future Development Water System Demand Based on growth forecasts developed within the 2019 Water Master Plan, the population within the District’s service area is expected to grow to approximately 142,000 by 2040. This population growth results in increased water demands and water supply requirements. The Water Master Plan projected total water demand through 2040 by using a combination of population projections, land use development, and the 175 Gallons Per Capacity Per Day (GPCD) compliance target from the Regional Water Urban Management Plan. The 175 GPCD translates to 609 gallons per day for 1 ME (3.48 persons per household x 175 GPCD). Over the Planning Horizon, projections yielded a total water demand of 27.69 MGD (2040 Water Demand). Wastewater System Demand The existing wastewater system consists of approximately 213 miles of pipeline, 4,400 wastewater manholes, 7 siphons, and 5 diversion structures. The existing wastewater system conveys flows into San Bernardino Municipal Water Department’s (SBMWD) East Trunk Sewer, which outlets to the San Bernardino Water Reclamation Plant (SBWRP). The District’s wastewater collection system is substantially built, and effluent is conveyed to the City of San Bernardino regional treatment plant. The District’s collection system includes approximately 213 miles of pipeline ranging in size from 4 inches to 24 inches in diameter. The wastewater system does not include any lift stations or force mains, and all flow is conveyed by gravity to the East Trunk Sewer pipeline. Similar to the Water Master Plan, total demand over the Planning Horizon was estimated using population projections, and future land use data to yield an aggregate demand of 11.79 MGD (2040 Wastewater Demand). The Wastewater Master Plan also identifies a near-term demand, through 2025, equal to 10.1 MGD (2025 Wastewater Demand). These projections result in an incremental increase in demand of 2.87MGD by 2025 and an additional increase in demand from 2025 to 2040 of 1.69MGD. Table 1 provides a summary of existing and future demands. Table 1 - 2019 Master Plan Demand Projections Utility Existing [A] 2025 Demand [B] 2025 Incremental Demand B - A = [C] 2040 Demand [D] 2040 Incremental Demand D - B = [E] Water System 20.29 MGD 25.34 MGD 5.05 MGD 27.69 MGD 2.35 MGD Wastewater System 7.23 MGD 10.1 MGD 2.87 MGD 11.79 MGD 1.69 MGD East Valley Water District – Capacity Fee Study Page | 9 Utility Asset Values Asset Value The first step in determining the buy-in facilities development charge is to determine the value of the existing system. As mentioned above, there are several methods of determining the current value of assets, but, for this study, RCLD was used. RCLD valuation was thought to be the most equitable and reasonable approach since it takes into consideration the time value of money and factors in the remaining useful life of each asset. To accomplish this, the District provided fixed asset records containing the original cost of each asset. Replacement cost was estimated by bringing forward the original costs to today’s dollars to reflect the estimated cost if a similar asset were constructed today. This original cost for each asset was indexed by the annual percentage change of the Construction Cost Index for 20-cities (CCI), published by the Engineer’s News Record. For 2018, the CCI value is 11,062. Accumulated depreciation was also indexed by CCI to maintain consistency with 2019 dollars. Subtracting the accumulated depreciation from the replacement cost yields the updated RCLD of each utility and reflects facility standards in 2019 dollars. Table 2 and Table 3 show the water assets and wastewater assets, respectively. Each table summarizes original cost, replacement cost in 2019 dollars, accumulated depreciation in 2019 dollars, and assets adjusted for the 2019 depreciation (RCLD). With the asset listings, Land values do not depreciate, and the replacement value is estimated by increasing the original acquisition costs by a 2% inflation limit in-line with Proposition 13 constraints on assessed values. In addition, Water Rights also do not depreciate, and since water rights do not go away, the replacement cost is equivalent to the original acquisition cost of North Fork Mutual Water Company shares owned by the District. Detailed asset listings are on file with the District. East Valley Water District – Capacity Fee Study Page | 10 Table 2– Water Asset Replacement Cost Less Depreciation Asset Category Original Cost [A] Replacement Cost (2019 $) [B] Accumulated Depreciation [C] Accumulated Depreciation (2019 $) [D] RCLD B - D = [E] General $15,399,082 $18,230,814 $2,992,456 $4,245,444 $13,985,370 Hydrants $51,701 $84,394 $35,710 $58,328 $26,066 Land $2,583,057 $4,162,252 $- $- $4,162,252 Meters $87,231 $131,829 $53,159 $82,629 $49,200 Pumping $14,422,349 $27,767,017 $6,190,302 $17,179,912 $10,587,105 Storage $19,837,173 $38,660,328 $6,730,702 $17,394,540 $21,265,788 Transmission/Distribution $71,171,257 $159,620,760 $23,078,956 $80,372,865 $79,247,895 Treatment $28,074,591 $39,003,730 $9,867,870 $14,808,909 $24,194,821 Water Rights $1,934,473 $1,934,473 $- $- $1,934,473 Wells $16,004,293 $26,416,665 $5,914,995 $12,810,768 $13,605,897 Total $169,565,204 $316,012,263 $54,864,150 $146,953,395 $169,058,867 Table 3– Wastewater Asset Replacement Cost Less Depreciation Asset Category Original Cost [A] Replacement Cost (2019 $) [B] Accumulated Depreciation [C] Accumulated Depreciation (2019 $) [D] RCLD B - D = [E] Collection $27,510,245 $105,695,787 $10,788,676 $66,436,784 $39,259,002 General $8,127,597 $9,785,547 $1,994,319 $2,836,188 $6,949,358 Land $713,940 $1,295,735 $- $- $1,295,735 Total $36,351,783 $116,777,068 $12,782,995 $69,272,973 $47,504,096 East Valley Water District – Capacity Fee Study Page | 11 Asset Value Adjustments With the Buy-In Approach, any outstanding debt obligations are subtracted from the RCLD to reduce the value of the system as these liabilities funded improvements within the asset listings. The remaining debt obligations will be paid through rates, and if the Buy-In component disregard debt, a customer would end up paying twice for improvements funded through debt. Table 4 summarized the final net RCLD asset values for water and wastewater. Table 4– Utility Net RCLD Assets/Liabilities Water System Wastewater System RCLD $169,058,867 $47,504,096 Debt Obligations Water System Wastewater System 2010 Bonds (-) ($23,000,000) ($215,000) 2013 Bonds (-) ($7,875,000) ($4,210,000) SB Valley Turnout (-) ($3,494,341) SRF Plant 134 (-) (6,068,369) Net RCLD $128,621,157 $43,079,096 East Valley Water District – Capacity Fee Study Page | 12 Capacity Charge Analysis Water Buy-In Component The potential demand on the water system is proportional to the potential flow through each meter. The American Water Works Association (AWWA) publishes the safe maximum operating capacity of each meter type in Gallons Per Minute (GPM) of flow. Using the AWWA capacity information, an equivalency for each meter size is set based on a 3/4” meter’s GPM. Table 5 provides a summary of the total MEs within the District. Table 5– Existing Water Meter Equivalents Meter Size Number of Accounts [A] AWWA Capacity (gpm) [B] AWWA Ratio B ÷ 30 = [C] Equivalent Meter Units A × C = [D] 5/8" 1,624 20 0.67 1,083 3/4" 14,834 30 1.00 14,834 1" 4,138 50 1.67 6,897 1 1/2" 261 100 3.33 870 2" 286 160 5.33 1,525 3" 65 320 10.67 693 4" 23 500 16.67 383 6" 14 1,000 33.33 467 8" 10 1,800 93.33 933 Total 21,255 N/A N/A 27,685 East Valley Water District – Capacity Fee Study Page | 13 The net RCLD asset value of the Water Utility is divided by total MEs to derive the updated Capacity Fee per 3/4” meter. However, through our evaluation, certain assets are apportioned over total 2040 Demand. This ensures new development is not overcharged as these assets will serve both existing and new connections. These assets include: 1) the existing Treatment Plant that treats groundwater that can serve all connections, 2) Water Rights as these rights are now owned by the District in perpetuity, and 3) Wells which will serve all customers. Table 6 provides a summary for determining the buy-in component by Asset Category, including adjustments for outstanding debt to derive the Buy-In Component of the Water Capacity Fee. Table 6– Water Buy-In by Asset Category Asset Category RCLD [A] Allocation Basis [B] Units of Service [C] Unit Rate A ÷ C [D] Conversion Factor [E] $ per ME D x E = [F] General $13,985,370 MEs 27,685 $505.15 1 ME $505.15 Hydrants $26,066 MEs 27,685 $0.94 1 ME $0.94 Land $4,162,252 MEs 27,685 $150.34 1 ME $150.34 Meters $49,200 MEs 27,685 $1.78 1 ME $1.78 Pumping $10,587,105 MEs 27,685 $382.41 1 ME $382.41 Storage $21,265,788 MEs 27,685 $768.12 1 ME $768.12 Transmission/ Distribution $79,247,895 MEs 27,685 $2,862.45 1 ME $2,862.45 Treatment $24,194,821 2040 Demand 27.69 MGD $0.87 609 gallons $532.13 Water Rights $1,934,473 2040 Demand 27.69 MGD $0.07 609 gallons $42.55 Wells $13,605,897 2040 Demand 27.69 MGD $0.49 609 gallons $299.24 Adjustments Debt (-) $40,437,710 2040 Demand 27.69 MGD ($1.46) 609 gallons ($889.37) Total $4,655.75 Wastewater Buy-In Component For wastewater, existing demand is reflected by total Equivalent Dwelling Units (EDUs), where 1 EDU reflects a single-family residential customer with an average daily flow of 245 gallons per day. Existing customers are assigned EDUs based on their average daily flow. Based on the District’s billing data, there are a total of 29,500 wastewater EDUs, which reflects exiting flow demand. East Valley Water District – Capacity Fee Study Page | 14 The net RCLD asset value of the Wastewater Utility is divided by the total EDUs to derive the updated Capacity Fees. Table 7 provides a summary for determining the buy-in component by Asset Category, including adjustments for outstanding debt to calculate the Buy-In Component of the Wastewater Capacity Fee. Table 7– Wastewater Buy-In by Asset Category Asset Category RCLD [A] Allocation Basis [B] Units of Service [C] Unit Rate A ÷ C [D] Conversion Factor [E] $ per ME D x E = [F] Collection $13,985,370 EDUs 29,500 $1,330.81 1 EDU $1,330.81 General $26,066 EDUs 29,500 $235.57 1 EDU $235.57 Land $4,162,252 EDUs 29,500 $43.92 1 EDU $43.92 Adjustments Debt (-) $4,425,000 2040 Demand 11.79 MGD ($0.38) 245 gallons ($91.95) Total $1,518.36 Water Incremental Cost Component As part of the Hybrid Approach, the water capacity fee also includes the eastside water treatment plant within the Water Master Plan. The cost estimate of the plant is $12,672,000, which includes the transmission line connecting the new plant to the water system. The Eastside Treatment Plant cost estimate reflects a 3MGD facility, which equates to a cost of $4.22 per gallon. Utilizing the gallons per ME equal to 609 gallons , as shown in Table 8, the Incremental Cost Component equals $2,572.42. Table 8– Water Incremental Cost Component Projects Cost Estimate [A] Allocation Basis [B] Units of Service [C] Unit Rate A ÷ C [D] Conversion Factor [E] $ per EDU D x E = [F] Eastside Treatment Plant $12,672,000 Plant Capacity 3 MGD $4.22 609 gallons $2,572.42 Total $2,572.42 East Valley Water District – Capacity Fee Study Page | 15 Wastewater Incremental Cost Component The wastewater capacity fee also includes an Incremental Cost Component to account for the new SNRC and specific upsizing projects required to accommodate future growth. Table 9 provides a summary of the Master Plan cost estimates associated with the 10 MGD SNRC and the upsizing of improvements. N -1 improvements are not included because this upsizing is directly related to the San Manual Casino expansion and funded through a development agreement between the District and the San Manual Casino. Also, B-2 is not included because the construction of the SNRC may eliminate the need for these improvements and should be revisited after the SNRC is online. Table 9– Wastewater Incremental Cost Component Projects Cost Estimate [A] Allocation Basis [B] Units of Service [C] Unit Rate A ÷ C [D] Conversion Factor [E] $ per EDU D x E = [F] SNRC $155,398,672 Plant Capacity 10 MGD $15.54 245 gallons $3,807.27 N-1 $4,414,500 N/A - - - $- N-2 $17,472,000 2025 Incremental Demand 2.87 MGD $6.09 245 gallons $1,491.51 N-3 $6,949,500 2025 Incremental Demand 2.87 MGD $2.42 245 gallons $593.25 B-1 $1,030,500 2040 Incremental Demand 1.69 MGD $0.61 245 gallons $149.39 B-2 $1,764,000 N/A - - - $- Total $6,041.42 East Valley Water District – Capacity Fee Study Page | 16 Updated Capacity Fees Table 10 summarized the proposed water capacity charges by meter size, with the 3/4” meter set as 1 ME and all remaining meter size capacity fees based on the calculated capacity ratios from AWWA as identified within Table 5. Table 11 summarizes the proposed wastewater capacity charges, for an equivalent single-family residential dwelling unit or 1 EDU. Non-residential connections will be assigned EDUs on a case-by-case basis to account for total flow and strength loading in relation to a single-family residential unit. Table 10– Water Proposed Capacity Fee Meter Size AWWA Capacity Ratio [A] Buy-In Component [B] Incremental Component [C] Total Water Capacity Fee [D] 5/8" 0.67 $3,104 $1,715 $4,819 3/4" 1.00 $4,656 $2,572 $7,228 1" 1.67 $7,760 $4,287 $12,047 1 1/2" 3.33 $15,519 $8,575 $24,094 2" 5.33 $24,831 $13,720 $38,550 3" 10.67 $49,661 $27,439 $77,100 4" 16.67 $77,596 $42,874 $120,469 6" 33.33 $155,192 $85,747 $240,939 8" 93.33 $434,536 $240,092 $674,629 Table 11– Wastewater Proposed Capacity Fee Single- Family Residential Buy-In Component [B] Incremental Component [C] Total Wastewater Capacity Fee [D] 1 EDU $1,460 $6,041 $7,502 In conjunction with adopting updated water and wastewater capacity fees, the District should adjust the capacity fees each year by applying the annual percentage change in the Engineering News Record Construction Cost Index (CCI) to keep pace with inflation, coupled with a comprehensive update every 5 years. 31938 Temecula Parkway, Suite A #350, Temecula, CA 92592 1 Technical Memorandum Regarding 2019 Capacity Fee Revisions to Meter Capacity Ratios Agency: East Valley Water District Date: September 27, 2023 ______________________________________________________________________________ 2019 Capacity Fee Study In 2019, IB Consulting LLC (IB Consulting) assisted the East Valley Water District (District) with updating its capacity fees for water (2019 Capacity Fee Study). Since then, the District has implemented a meter replacement program for new Advanced Metering Infrastructure (AMI) meters. These AMI meters allow integration between the District’s communication network, data systems, and individual meters. The direct communication between the AMI meters and the District’s data systems provides more accurate, efficient meter reads. The 2019 Capacity Fee Study derived water capacity fees for new connections that varied based on the meter size, with bigger-sized meters paying more for the additional capacity taken based on each meter's safe maximum operating flow as defined in gallons per minute (gpm) of flow. The new AMI meters have different safe maximum operating flow specifications than those used during the 2019 Capacity Fee Study. Therefore, this technical memorandum identifies the adjustments to the District’s capacity fee schedule resulting from the change in meter types. Existing Capacity Ratios The 2019 Capacity Fee Study identified the meter capacity ratios for each meter size based on the safe maximum operating flow in gpm, with the baseline meter reflecting a 3/4” meter. The safe maximum operating flow capacity for each meter size was divided by the 3/4” meters’ safe operating flow capacity of 30 gpm to determine the equivalent meter ratio. In other words, the calculations convert all larger- sized meters to an equivalent number of 3/4" meters based on the safe operating flow capacity of 30 gpm (Meter Equivalents or ME). The capacity ratio represents the potential flow through each meter size compared to the flow through the base 3/4” meter to establish parity between meter sizes. Table 1 identifies the capacity ratios and total Meter Equivalents used in the 2019 Capacity Fee Study. 2 Table 1: 2019 Meter Equivalents Meter Size Number of Accounts [A] AWWA Capacity (gpm) [B] AWWA Ratio B ÷ 30 = [C] Meter Equivalents A × C = [D] 5/8" 1,624 20 0.67 1,083 3/4" 14,834 30 1.00 14,834 1" 4,138 50 1.67 6,897 1 1/2" 261 100 3.33 870 2" 286 160 5.33 1,525 3" 65 320 10.67 693 4" 23 500 16.67 383 6" 14 1,000 33.33 467 8" 10 1,800 93.33 933 Total 21,255 N/A N/A 27,685 Updated Capacity Ratios The capacity ratios and total Meter Equivalents have been updated using the same approach from the 2019 Capacity Fee Study but reflecting the new AMI meter specifications, as shown in Table 2. To maintain consistency with the 2019 Capacity Fee Study, the number of accounts remained intact to show how the water capacity fee schedule changes from updating the meter capacity ratios. The result is an increase in total Meter Equivalents (27,685 versus the previous amount of 21,255). The District is currently updating its water and wastewater master plans, and once those are completed, a comprehensive update to the District’s capacity fees will be performed. In addition, the new AMI meters that may be issued include 10” and 12” meter sizes, which were added to the fee schedule shown in Table 2. 3 Table 2: 2023 AMI Meter Equivalents Meter Size Number of Accounts [A] District AMI Capacity (gpm) [B] District AMI Capacity Ratios B ÷ 30 = [C] Meter Equivalents A × C = [D] 5/8" 1,624 20 0.67 1,083 3/4" 14,834 30 1.00 14,834 1" 4,138 50 1.67 6,897 1 1/2" 261 100 3.33 870 2" 286 160 5.33 1,525 3" 65 500 16.67 1,083 4" 23 1,250 41.67 958 6" 14 2,000 66.67 933 8" 10 4,000 133.33 1,333 10" - 6,500 216.67 - 12" - 8,000 266.67 - Total 21,255 N/A N/A 29,517 Facility Costs Related to Capacity Fees The 2019 Capacity Fee Study included both a Buy-In and Incremental component. The Buy-In component included the District’s 2019 water system asset values by category, with an adjustment for the remaining outstanding debt principal. The reduction in asset value ensures customers don’t pay twice for facilities funded by debt because debt is covered by water rates. Table 3 identifies the Buy-In component calculated using the Updated Meter Equivalents. Table 4 identifies the Incremental component of the 2019 Capacity Fee Study related to the Eastside Water Treatment Plant. The unit rate remains the same and is based on the plant’s capacity, equal to 3 Million Gallons per Day (MGD). 4 Table 3: Water 2019 Buy-In Component by Asset Category with AMI Meters Asset Category RCLD [A] Allocation Basis [B] Units of Service [C] Unit Rate A ÷ C [D] Conversion Factor [E] $ per ME D x E = [F] General $13,985,370 MEs 29,517 $473.81 1 ME $473.81 Hydrants $26,066 MEs 29,517 $0.88 1 ME $0.88 Land $4,162,252 MEs 29,517 $141.01 1 ME $141.01 Meters $49,200 MEs 29,517 $1.67 1 ME $1.67 Pumping $10,587,105 MEs 29,517 $358.68 1 ME $358.68 Storage $21,265,788 MEs 29,517 $720.46 1 ME $720.46 Transmission/ Distribution $79,247,895 MEs 29,517 $2,684.82 1 ME $2,684.82 Treatment $24,194,821 2040 Demand 27.69 MGD $0.87 609 gallons $532.13 Water Rights $1,934,473 2040 Demand 27.69 MGD $0.07 609 gallons $42.55 Wells $13,605,897 2040 Demand 27.69 MGD $0.49 609 gallons $299.24 Adjustments Debt (-) $40,437,710 2040 Demand 27.69 MGD ($1.46) 609 gallons ($889.37) Total $4,365.88 Table 4: Water 2019 Incremental Component Project Cost Estimate [A] Allocation Basis [B] Units of Service [C] Unit Rate A ÷ C [D] Conversion Factor [E] $ per ME D x E = [F] Eastside Treatment Plant $12,672,000 Plant Capacity 3 MGD $4.22 609 gallons $2,572.42 Updated Capacity Fees Combining the revised Buy-In component with the AMI capacity ratios and the Incremental component generates a new 2019 capacity fee equal to $6,938 for a 3/4” Meter Equivalent. The District’s capacity fees are adjusted annually based on the annual change in the Engineer’s New Record Construction Cost Index (ENR – CCI) for September. Table 5 summarizes the revised 2019 capacity fee by meter size and increases the fee schedule to 2023 dollars based on the ENR – CCI index change from September 2019 (11,311) to September 2023 (13,173). 5 Table 5: 2023 Water Capacity Fee Schedule Meter Size AMI Capacity Ratio [A] Buy-In Component [B] ENR – CCI Adjustment 13,173 / 11,311 = 116.46% [C] Total Water Capacity Fee [D] = B x C 5/8" 0.67 $4,626 116.46% $5,387 3/4" 1.00 $6,938 116.46% $8,081 1" 1.67 $11,564 116.46% $13,468 1 1/2" 3.33 $23,128 116.46% $26,935 2" 5.33 $37,004 116.46% $43,096 3" 16.67 $115,638 116.46% $134,675 4" 41.67 $289,096 116.46% $336,687 6" 66.67 $462,553 116.46% $538,698 8" 133.33 $925,106 116.46% $1,077,396 10" 216.67 $1,503,297 116.46% $1,750,768 12" 266.67 $1,850,212 116.46% $2,154,791 These revisions should be accompanied by the 2019 Capacity Fee Study. A comprehensive update to the District capacity fees will occur once the updated master plans are completed and adopted by the Board. O CTOBER 10, 2023 East Valley Water District Annual Audit Fiscal year ended June 30, 2023 Responsibilities of Auditor 2 Audit District’s financial statements in accordance with US Generally Accepted Auditing Standards,Government Auditing Standards and the State Controllers Minimum Audit Requirements for Special Districts Plan the audit to express an opinion as to whether managements financial statements are fairly presented, inallmaterialrespects,inaccordancewithgenerally accepted accounting principles (GAAP) o Provide reasonable assurance, not absolute Audit process 3 Interim audit procedures: o Reviewed internal controls over financial reporting for the following areas (inquiries, inspect documents, etc.): Billing and cash receipts Cash and investments Information technology Financial closing and reporting Capital assets and long-term debt o Performed internal control testing over the following areas, as needed: Cash disbursements Purchasing and contracts Payroll Common controls over multiple areas (reconciliations, journal entries, etc.) Audit process (continued) 4 Year-end audit procedures (audit of numbers): o Conducted detailed audit of financial records o Inquire, inspect, and examine (and confirm as applicable) evidence about balances, transactions and events o Performed analytical procedures (review and evaluate significant variances and/or unusual transactions) o Performed data analytics over disbursements o Benford’s Law, check sequence, Holiday/weekend, etc. o Review ACFR and evaluate for compliance with GAAP and GFOA COA guidelines Audit process (continued) 5 Significant changes from prior year: o There were no significant changes in financial reporting from the prior year. o New accounting policies were adopted during the year. o GASB 96, SBITA Completing the process 6 Independent Auditor’s Report o Unmodified opinion expressed ●Report on internal control over financial reporting and on compliance and other matters based on an audit of financial statements performed in accordance with Government Auditing Standards o Audit not designed to express an opinion on internal control o No significant deficiencies or material weaknesses reported o No matters of noncompliance reported Completing the process (continued) 7 SAS 114 letter to those charges with governance o No uncorrected misstatements reported o No material audit adjustments o No difficulties working with the District o No disagreements with management Conclusion ●Questions? 8 15 RATE EFFECTIVE DATE 7/1/2023 RATE EFFECTIVE DATE 10/11/2023 3/4" T-10 8,417$ 8,081$ 930$ 3/4" Mach 10 8,417$ 8,081$ 1,035$ 1"14,030$ 13,468$ 1,100$ 1 1/2"28,060$ 26,935$ 1,495$ 2"44,895$ 43,096$ 1,780$ 3"89,790$ 134,675$ 7,515$ 4"140,297$ 336,687$ 10,030$ 6"280,595$ 538,698$ 15,875$ 8"785,667$ 1,077,396$ 17,360$ 10"1,178,500$ 1,750,768$ 22,355$ 12"2,244,790$ 2,154,791$ 2,244,790$ CAPACITY CHARGE METER CONNECTION CHARGE METER SIZE Service Installation Benchmark Costs Installation charges will be estimated by the District based on availability of District staff to complete the work-site specific construction conditions and requirements. The costs in the table shown are benchmarks, or cost references to begin from, for a short or long- side service installation based on requested meter size. Permitting, paving/concrete costs, and non-typical conditions are not included and will need to be assessed per connection, on a case-by-case basis. If the applicant elects not to have District staff complete the installation, then an administrative fee of 5% of the estimate will be charged. Replaces page 15 on the EVWD Schedule of Water and Wastewater Rates and Charges.